Comtech Telecommunications Corp. (NASDAQ:CMTL) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $19.90 and last traded at $19.90, with a volume of 298,288 shares changing hands. The stock had previously closed at $19.68.

A number of research analysts recently issued reports on CMTL shares. Noble Financial reaffirmed a “buy” rating on shares of Comtech Telecommunications Corp. in a report on Friday, June 9th. BMO Capital Markets reaffirmed a “buy” rating and issued a $17.00 price target on shares of Comtech Telecommunications Corp. in a report on Wednesday, June 7th. Zacks Investment Research raised Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Monday, July 17th. BidaskClub cut Comtech Telecommunications Corp. from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Finally, Northland Securities set a $22.00 price target on Comtech Telecommunications Corp. and gave the company a “buy” rating in a report on Monday, July 10th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.42.

The stock has a market capitalization of $469.04 million, a PE ratio of 40.04 and a beta of 1.91. The firm has a 50 day moving average of $18.78 and a 200 day moving average of $16.14.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last released its quarterly earnings data on Wednesday, June 7th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. The business had revenue of $127.80 million for the quarter, compared to analyst estimates of $136.68 million. Comtech Telecommunications Corp. had a return on equity of 0.81% and a net margin of 2.02%. Comtech Telecommunications Corp.’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.89) earnings per share. Equities analysts anticipate that Comtech Telecommunications Corp. will post $0.65 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of CMTL. Municipal Employees Retirement System of Michigan raised its position in Comtech Telecommunications Corp. by 3.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,570 shares of the communications equipment provider’s stock valued at $106,000 after purchasing an additional 210 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Comtech Telecommunications Corp. by 12.3% in the first quarter. Public Employees Retirement System of Ohio now owns 8,957 shares of the communications equipment provider’s stock valued at $132,000 after purchasing an additional 984 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in Comtech Telecommunications Corp. in the first quarter valued at about $159,000. Arizona State Retirement System raised its position in Comtech Telecommunications Corp. by 0.8% in the first quarter. Arizona State Retirement System now owns 12,229 shares of the communications equipment provider’s stock valued at $180,000 after purchasing an additional 100 shares during the last quarter. Finally, American International Group Inc. raised its position in Comtech Telecommunications Corp. by 7.9% in the first quarter. American International Group Inc. now owns 13,721 shares of the communications equipment provider’s stock valued at $202,000 after purchasing an additional 1,010 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

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About Comtech Telecommunications Corp.

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.

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