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

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. BMO Capital Markets initiated coverage on shares of Comtech Telecommunications Corp. in a research note on Monday, June 20th. They set an “outperform” rating and a $19.00 target price for the company. Northland Securities initiated coverage on shares of 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. Ladenburg Thalmann initiated coverage on shares of 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, Jefferies Group initiated coverage on shares of Comtech Telecommunications Corp. in a research report on Tuesday. They set a “hold” rating and a $14.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.00.

The firm’s 50-day moving average is $13.43 and its 200-day moving average is $19.64. The stock’s market cap is $207.15 million.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last released its earnings results on Wednesday, June 8th. The company reported ($0.89) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.66) by $0.77. During the same quarter last year, the business posted $0.30 EPS. The firm earned $124.20 million during the quarter, compared to analyst estimates of $131.40 million. The firm’s revenue was up 73.5% on a year-over-year basis. Equities research analysts predict that Comtech Telecommunications Corp. will post ($0.80) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Monday, July 18th will be issued a $0.30 dividend. The ex-dividend date is Thursday, July 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.37%.

Several institutional investors recently made changes to their positions in CMTL. Rhumbline Advisers increased 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 worth $1,430,000 after buying an additional 1,520 shares in the last quarter. Systematic Financial Management LP increased 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 worth $1,537,000 after buying an additional 560 shares in the last quarter. Finally, Schroder Investment Management Group increased 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 worth $1,914,000 after buying an additional 76,560 shares in 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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