Comtech Telecommunications Corp. (NASDAQ:CMTL) shares rose 2.7% on Thursday . The company traded as high as $12.81 and last traded at $12.77, with a volume of 153,485 shares traded. The stock had previously closed at $12.43.

CMTL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. BMO Capital Markets began coverage on Comtech Telecommunications Corp. in a research report on Monday, June 20th. They issued an “outperform” rating and a $19.00 price target on the stock. Finally, Northland Securities began coverage on Comtech Telecommunications Corp. in a research report on Wednesday. They issued an “outperform” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Comtech Telecommunications Corp. presently has a consensus rating of “Hold” and an average target price of $24.00.

The company has a 50 day moving average price of $18.24 and a 200 day moving average price of $20.53. The company’s market cap is $207.80 million.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its quarterly earnings data on Wednesday, June 8th. The company reported ($0.89) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.66) by $0.77. During the same period in the previous year, the business earned $0.30 EPS. The firm earned $124.20 million during the quarter, compared to the consensus estimate of $131.40 million. The firm’s revenue for the quarter was up 73.5% on a year-over-year basis. Equities analysts predict that Comtech Telecommunications Corp. will post ($0.84) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Monday, July 18th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 9.65%. The ex-dividend date is Thursday, July 14th.

Other hedge funds have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Comtech Telecommunications Corp. by 2.2% in the fourth quarter. Rhumbline Advisers now owns 71,172 shares of the company’s stock valued at $1,430,000 after buying an additional 1,520 shares during the last quarter. Systematic Financial Management LP increased its stake in shares of Comtech Telecommunications Corp. by 0.7% in the fourth quarter. Systematic Financial Management LP now owns 76,533 shares of the company’s stock valued at $1,537,000 after buying an additional 560 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Comtech Telecommunications Corp. by 409.4% in the fourth quarter. Schroder Investment Management Group now owns 95,260 shares of the company’s stock valued at $1,914,000 after buying an additional 76,560 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Comtech Telecommunications Corp. by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 106,402 shares of the company’s stock valued at $2,138,000 after buying an additional 4,854 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Comtech Telecommunications Corp. by 26.9% in the fourth quarter. Morgan Stanley now owns 174,997 shares of the company’s stock valued at $3,515,000 after buying an additional 37,139 shares during the last quarter.

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions. The Company operates through three segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. Its telecommunications transmission segment provides equipment and systems used for satellite transmission and enable wireless communications.

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