Comtech Telecommunications Corp. (NASDAQ:CMTL) saw unusually-strong trading volume on Monday . Approximately 363,347 shares were traded during mid-day trading, an increase of 8% from the previous session’s volume of 337,432 shares.The stock last traded at $13.33 and had previously closed at $13.26.

Several equities research analysts recently issued reports on CMTL shares. Northland Securities started 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. Ladenburg Thalmann initiated coverage on shares of Comtech Telecommunications Corp. in a research note on Friday, July 22nd. They set a “buy” rating and a $19.00 price target on the stock. 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 price target on the stock. Jefferies Group initiated coverage on shares of Comtech Telecommunications Corp. in a research note on Tuesday, August 2nd. They set a “hold” rating and a $14.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Monday, July 11th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Comtech Telecommunications Corp. has an average rating of “Buy” and an average price target of $20.00.

The firm’s 50-day moving average price is $13.09 and its 200-day moving average price is $19.28. The stock’s market cap is $216.04 million.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last posted its quarterly earnings data on Wednesday, June 8th. The company reported ($0.89) EPS for the quarter, topping the consensus estimate of ($1.66) by $0.77. The firm had revenue of $124.20 million for the quarter, compared to the consensus estimate of $131.40 million. The company’s revenue was up 73.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 EPS. On average, equities analysts expect that Comtech Telecommunications Corp. will post ($0.79) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, July 18th will be paid 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 8.98%.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Systematic Financial Management LP raised its position in 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 period. Rhumbline Advisers raised its position 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. Finally, Schroder Investment Management Group raised its position in 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 period.

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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