Comtech Telecommunications Corp. (CMTL) Stock Price Up 3.2%
Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) rose 3.2% on Monday . The company traded as high as $12.90 and last traded at $12.88, with a volume of 67,150 shares traded. The stock had previously closed at $12.48.
CMTL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. BMO Capital Markets initiated coverage on Comtech Telecommunications Corp. in a research note on Monday, June 20th. They issued an “outperform” rating and a $19.00 target price on the stock. Northland Securities initiated coverage on Comtech Telecommunications Corp. in a research note on Wednesday, July 6th. They issued an “outperform” rating and a $20.00 target price on the stock. Ladenburg Thalmann initiated coverage on Comtech Telecommunications Corp. in a research note on Friday, July 22nd. They issued a “buy” rating and a $19.00 target price on the stock. Finally, Jefferies Group initiated coverage on Comtech Telecommunications Corp. in a research note on Tuesday, August 2nd. They issued a “hold” rating and a $14.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Comtech Telecommunications Corp. presently has an average rating of “Buy” and a consensus target price of $19.00.
The stock has a 50-day moving average price of $13.21 and a 200-day moving average price of $18.90. The stock’s market cap is $209.41 million.
Comtech Telecommunications Corp. (NASDAQ:CMTL) last posted its earnings results on Wednesday, June 8th. The company reported ($0.89) earnings per share for the quarter, topping the Zacks’ 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. The company’s revenue was up 73.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share. On average, analysts forecast that Comtech Telecommunications Corp. will post ($0.81) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Monday, July 18th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.27%. The ex-dividend date of this dividend was Thursday, July 14th.
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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