Comtech Telecommunications Corp. (CMTL) Stock Price Up 3.2%
Comtech Telecommunications Corp. (NASDAQ:CMTL)’s share price rose 3.2% on Monday . The stock traded as high as $12.90 and last traded at $12.88, with a volume of 67,150 shares changing hands. The stock had previously closed at $12.48.
CMTL has been the subject of several analyst reports. Northland Securities initiated coverage on shares of Comtech Telecommunications Corp. in a research note on Wednesday, July 6th. They issued an “outperform” rating and a $20.00 target price for the company. Jefferies Group initiated coverage on shares of Comtech Telecommunications Corp. in a research note on Tuesday, August 2nd. They issued a “hold” rating and a $14.00 target price for the company. Ladenburg Thalmann initiated coverage on shares of Comtech Telecommunications Corp. in a research note on Friday, July 22nd. They issued a “buy” rating and a $19.00 target price for the company. BMO Capital Markets initiated coverage on shares of Comtech Telecommunications Corp. in a research note on Monday, June 20th. They issued an “outperform” rating and a $19.00 target price for the company. Finally, Zacks Investment Research raised shares of Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Monday, July 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $19.00.
The firm’s market capitalization is $207.88 million. The stock’s 50 day moving average is $13.20 and its 200 day moving average is $18.82.
Comtech Telecommunications Corp. (NASDAQ:CMTL) last issued its quarterly earnings results on Wednesday, June 8th. The company reported ($0.89) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.66) by $0.77. During the same period last year, the firm posted $0.30 earnings per share. The business earned $124.20 million during the quarter, compared to analyst estimates of $131.40 million. Comtech Telecommunications Corp.’s quarterly revenue was up 73.5% compared to the same quarter last year. On average, analysts expect that Comtech Telecommunications Corp. will post ($0.81) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Monday, July 18th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $1.20 annualized dividend and a yield of 9.14%.
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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