Comtech Telecommunications Corp. (NASDAQ:CMTL) shares saw an uptick in trading volume on Monday . 363,347 shares traded hands 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 brokerages have commented on CMTL. Jefferies Group began coverage on shares of Comtech Telecommunications Corp. in a research note on Tuesday, August 2nd. They issued a “hold” rating and a $14.00 price target on the stock. Ladenburg Thalmann began 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 objective on the stock. Zacks Investment Research upgraded shares of Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Monday, July 11th. Northland Securities began coverage on shares of Comtech Telecommunications Corp. in a research note on Wednesday, July 6th. They set an “outperform” rating and a $20.00 price objective on the stock. Finally, BMO Capital Markets began 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 objective on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.00.

The firm’s market cap is $209.74 million. The stock has a 50-day moving average of $13.14 and a 200-day moving average of $19.24.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last issued its earnings results on Wednesday, June 8th. The company reported ($0.89) earnings per share 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 analyst estimates of $131.40 million. During the same quarter last year, the firm posted $0.30 earnings per share. Comtech Telecommunications Corp.’s revenue was up 73.5% on a year-over-year basis. Equities research analysts forecast that Comtech Telecommunications Corp. will post ($0.79) EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Stockholders 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 9.10%.

A number of institutional investors have recently added to or reduced their stakes in CMTL. 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 worth $1,430,000 after buying an additional 1,520 shares during the period. 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 worth $1,537,000 after buying an additional 560 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 worth $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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