Comtech Telecommunications Corp. (CMTL) Given “Buy” Rating at BMO Capital Markets
Several other research analysts have also weighed in on the stock. Jefferies Group started coverage on shares of Comtech Telecommunications Corp. in a report on Tuesday, August 2nd. They set a hold rating and a $14.00 price objective for the company. 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 for the company. Ladenburg Thalmann started 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 for the company. Zacks Investment Research raised shares of Comtech Telecommunications Corp. from a hold rating to a buy rating and set a $15.00 price objective for the company in a report on Monday, July 11th. Finally, Citigroup Inc. assumed coverage on shares of Comtech Telecommunications Corp. in a report on Wednesday, August 24th. They issued a neutral rating and a $13.00 price target for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Comtech Telecommunications Corp. currently has an average rating of Buy and an average target price of $18.86.
Comtech Telecommunications Corp. (NASDAQ:CMTL) traded down 2.05% on Monday, reaching $11.47. 93,411 shares of the company traded hands. The company’s market capitalization is $269.64 million. Comtech Telecommunications Corp. has a 12 month low of $11.24 and a 12 month high of $25.85. The company has a 50-day moving average price of $12.88 and a 200-day moving average price of $17.02.
Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its quarterly earnings data on Thursday, October 6th. The company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.04. The company earned $152.40 million during the quarter. Comtech Telecommunications Corp. had a negative net margin of 1.88% and a positive return on equity of 1.52%. Comtech Telecommunications Corp.’s revenue was up 96.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 earnings per share. Equities research analysts expect that Comtech Telecommunications Corp. will post ($0.81) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Friday, October 21st will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $1.20 annualized dividend and a yield of 10.25%. Comtech Telecommunications Corp.’s dividend payout ratio is presently -235.29%.
A number of hedge funds have recently modified their holdings of the stock. Advisor Group Inc. purchased a new stake in shares of Comtech Telecommunications Corp. during the second quarter valued at $100,000. Levin Capital Strategies L.P. bought a new stake in Comtech Telecommunications Corp. during the second quarter worth approximately $128,000. Louisiana State Employees Retirement System bought a new stake in Comtech Telecommunications Corp. during the second quarter worth approximately $132,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Comtech Telecommunications Corp. during the first quarter worth approximately $242,000. Finally, Alliancebernstein L.P. increased its stake in Comtech Telecommunications Corp. by 30.5% in the second quarter. Alliancebernstein L.P. now owns 11,550 shares of the company’s stock worth $148,000 after buying an additional 2,700 shares during the period. Hedge funds and other institutional investors own 83.12% of the company’s stock.
Comtech Telecommunications Corp. Company Profile
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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