Comtech Telecommunications Corp. (NASDAQ:CMTL) traded up 2.9% during mid-day trading on Monday . The company traded as high as $13.52 and last traded at $13.45, with a volume of 276,927 shares trading hands. The stock had previously closed at $13.07.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Comtech Telecommunications Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 7th. BMO Capital Markets started coverage on Comtech Telecommunications Corp. in a research report on Monday, June 20th. They set an “outperform” rating and a $19.00 price target on the stock. Ladenburg Thalmann started coverage on Comtech Telecommunications Corp. in a research report on Friday, July 22nd. They set a “buy” rating and a $19.00 price target on the stock. Finally, Northland Securities started coverage on Comtech Telecommunications Corp. in a research report on Wednesday, July 6th. They set an “outperform” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $21.20.

The firm’s market cap is $217.18 million. The firm has a 50-day moving average price of $13.77 and a 200-day moving average price of $19.71.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its 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 had revenue of $124.20 million for the quarter, compared to the consensus estimate of $131.40 million. During the same quarter in the previous year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up 73.5% on a year-over-year basis. On average, equities research analysts anticipate that Comtech Telecommunications Corp. will post ($0.80) earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, July 18th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, July 14th. This represents a $1.20 annualized dividend and a dividend yield of 8.94%.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Systematic Financial Management LP raised its position 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 raised its position 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. Finally, Rhumbline Advisers raised its position 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.

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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