Zacks Investment Research lowered shares of Comtech Telecomm. (NASDAQ:CMTL) from a buy rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable, inefficient or too expensive. The Company conducts business through three complementary segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. “

Other equities analysts have also recently issued reports about the stock. Northland Securities reaffirmed a buy rating on shares of Comtech Telecomm. in a research note on Friday, November 17th. Noble Financial reissued a buy rating on shares of Comtech Telecomm. in a research report on Friday, September 29th. BMO Capital Markets reissued a buy rating and set a $21.00 price target on shares of Comtech Telecomm. in a research report on Thursday, September 28th. Finally, BidaskClub raised shares of Comtech Telecomm. from a sell rating to a hold rating in a research report on Monday, August 14th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $19.10.

Comtech Telecomm. (CMTL) opened at $21.07 on Wednesday. Comtech Telecomm. has a 52 week low of $9.65 and a 52 week high of $22.90. The stock has a market cap of $513.21, a P/E ratio of 63.91, a price-to-earnings-growth ratio of 10.60 and a beta of 1.92. The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 0.37.

Comtech Telecomm. (NASDAQ:CMTL) last announced its quarterly earnings data on Wednesday, September 27th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Comtech Telecomm. had a net margin of 2.88% and a return on equity of 1.70%. The firm had revenue of $147.80 million for the quarter, compared to analysts’ expectations of $150.57 million. During the same period last year, the firm earned $0.14 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. equities research analysts predict that Comtech Telecomm. will post 0.41 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Wednesday, October 18th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, October 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.90%. Comtech Telecomm.’s dividend payout ratio is 59.70%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. TIAA CREF Investment Management LLC lifted its position in Comtech Telecomm. by 14.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 123,273 shares of the communications equipment provider’s stock valued at $1,817,000 after acquiring an additional 15,317 shares in the last quarter. Geode Capital Management LLC lifted its position in Comtech Telecomm. by 2.4% in the 1st quarter. Geode Capital Management LLC now owns 185,467 shares of the communications equipment provider’s stock valued at $2,733,000 after acquiring an additional 4,342 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Comtech Telecomm. by 15.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,691,114 shares of the communications equipment provider’s stock valued at $24,927,000 after acquiring an additional 224,033 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Comtech Telecomm. by 11.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 303,520 shares of the communications equipment provider’s stock valued at $4,474,000 after acquiring an additional 32,236 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Comtech Telecomm. by 12.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 8,957 shares of the communications equipment provider’s stock valued at $132,000 after acquiring an additional 984 shares in the last quarter. 85.93% of the stock is currently owned by institutional investors.

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About Comtech Telecomm.

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.

Analyst Recommendations for Comtech Telecomm. (NASDAQ:CMTL)

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