Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) fell 3.8% on Thursday . The stock traded as low as $12.91 and last traded at $13.07, with a volume of 282,927 shares trading hands. The stock had previously closed at $13.58.

Several brokerages recently weighed in on CMTL. Zacks Investment Research cut shares of Comtech Telecommunications Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, June 7th. BMO Capital Markets began coverage on shares of Comtech Telecommunications Corp. in a report on Monday, June 20th. They issued an “outperform” rating and a $19.00 target price on the stock. Finally, Northland Securities began coverage on shares of Comtech Telecommunications Corp. in a report on Wednesday, July 6th. They issued an “outperform” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.75.

The company’s 50-day moving average is $16.24 and its 200 day moving average is $20.16. The company’s market cap is $215.07 million.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last posted its quarterly earnings results on Wednesday, June 8th. The company reported ($0.89) EPS for the quarter, beating the consensus estimate of ($1.66) by $0.77. The business earned $124.20 million during the quarter, compared to analysts’ expectations of $131.40 million. The firm’s quarterly revenue was up 73.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 EPS. Equities research analysts anticipate that Comtech Telecommunications Corp. will post ($0.84) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Monday, July 18th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 9.02%. The ex-dividend date is Thursday, July 14th.

A number of hedge funds have bought and sold shares of the stock. Rhumbline Advisers boosted its stake in 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 period. Schroder Investment Management Group boosted 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 worth $1,914,000 after buying an additional 76,560 shares during the last quarter. Finally, Systematic Financial Management LP boosted 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 worth $1,537,000 after buying an additional 560 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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