Comtech Telecommunications Corp. (CMTL) Stock Price Down 1.4%
Comtech Telecommunications Corp. (NASDAQ:CMTL)’s share price was down 1.4% during mid-day trading on Thursday . The stock traded as low as $12.68 and last traded at $12.74, with a volume of 106,316 shares changing hands. The stock had previously closed at $12.92.
Several equities analysts have issued reports on CMTL shares. BMO Capital Markets started coverage on shares of Comtech Telecommunications Corp. in a report on Monday, June 20th. They set an “outperform” rating and a $19.00 price objective on the stock. Zacks Investment Research raised 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 report on Monday, July 11th. Northland Securities started coverage on shares of Comtech Telecommunications Corp. in a report on Wednesday, July 6th. They set an “outperform” rating and a $20.00 price objective on the stock. Ladenburg Thalmann initiated coverage on shares of Comtech Telecommunications Corp. in a report on Friday, July 22nd. They set a “buy” rating and a $19.00 price objective on the stock. Finally, Citigroup Inc. initiated coverage on shares of Comtech Telecommunications Corp. in a research note on Wednesday. They issued a “neutral” rating and a $13.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $19.00.
The stock’s market capitalization is $206.67 million. The stock has a 50 day moving average of $13.21 and a 200-day moving average of $18.99.
Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its quarterly earnings data on Wednesday, June 8th. The company reported ($0.89) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.66) by $0.77. The firm earned $124.20 million during the quarter, compared to analyst estimates of $131.40 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The business’s quarterly revenue was up 73.5% compared to the same quarter last year. On average, equities analysts predict that Comtech Telecommunications Corp. will post ($0.81) EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Monday, July 18th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $1.20 annualized dividend and a yield of 9.39%.
An institutional investor recently raised its position in Comtech Telecommunications Corp. stock. Systematic Financial Management LP boosted its stake in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,533 shares of the company’s stock after buying an additional 560 shares during the period. Systematic Financial Management LP owned about 0.47% of Comtech Telecommunications Corp. worth $1,537,000 at the end of the most recent 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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