Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) have been assigned a consensus recommendation of “Buy” from the eight analysts that are covering the company. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.00.

CMTL has been the subject of several research reports. Ladenburg Thalmann initiated coverage on shares of Comtech Telecommunications Corp. in a research report on Friday, July 22nd. They set a “buy” rating and a $19.00 price target for the company. Zacks Investment Research lowered shares of Comtech Telecommunications Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 7th. BMO Capital Markets initiated coverage on shares of Comtech Telecommunications Corp. in a research report on Monday, June 20th. They set an “outperform” rating and a $19.00 price target for the company. Northland Securities started coverage on shares of Comtech Telecommunications Corp. in a research report on Wednesday, July 6th. They set an “outperform” rating and a $20.00 price target for the company. Finally, Jefferies Group started coverage on shares of Comtech Telecommunications Corp. in a research report on Tuesday, August 2nd. They set a “hold” rating and a $14.00 target price for the company.

Several large investors have recently made changes to their positions in the company. Citigroup Inc. increased its stake in shares of Comtech Telecommunications Corp. by 3,594.8% in the second quarter. Citigroup Inc. now owns 1,081,914 shares of the company’s stock worth $13,891,000 after buying an additional 1,052,632 shares during the last quarter. Dean Investment Associates LLC purchased a new stake in shares of Comtech Telecommunications Corp. during the second quarter worth about $4,950,000. JPMorgan Chase & Co. increased its stake in shares of Comtech Telecommunications Corp. by 99.9% in the first quarter. JPMorgan Chase & Co. now owns 698,107 shares of the company’s stock worth $16,315,000 after buying an additional 348,825 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of Comtech Telecommunications Corp. by 1,709.5% in the second quarter. Citadel Advisors LLC now owns 364,991 shares of the company’s stock worth $4,686,000 after buying an additional 344,820 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in shares of Comtech Telecommunications Corp. by 31.8% in the second quarter. BlackRock Fund Advisors now owns 1,384,532 shares of the company’s stock worth $17,777,000 after buying an additional 333,800 shares during the last quarter. 83.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) opened at 12.49 on Thursday. Comtech Telecommunications Corp. has a one year low of $11.24 and a one year high of $25.85. The company’s 50 day moving average is $13.01 and its 200 day moving average is $17.44. The company’s market capitalization is $201.98 million.

About Comtech Telecommunications Corp.

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.

5 Day Chart for NASDAQ:CMTL

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