Comtech Telecommunications Corp. (NASDAQ:CMTL) announced a quarterly dividend on Thursday, October 6th. Stockholders of record on Friday, October 21st will be given a dividend of 0.30 per share on Tuesday, November 22nd. This represents a $1.20 annualized dividend and a dividend yield of 9.48%.

Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) opened at 12.66 on Friday. The stock has a 50 day moving average of $12.95 and a 200 day moving average of $17.28. Comtech Telecommunications Corp. has a 52-week low of $11.24 and a 52-week high of $25.85. The company’s market cap is $204.72 million.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its quarterly earnings data on Thursday, October 6th. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.04. Comtech Telecommunications Corp. had a negative net margin of 1.48% and a positive return on equity of 2.19%. The company had revenue of $152.40 million for the quarter, compared to the consensus estimate of $165.59 million. During the same period in the prior year, the firm posted $0.34 EPS. Comtech Telecommunications Corp.’s revenue for the quarter was up 96.7% on a year-over-year basis. On average, equities research analysts expect that Comtech Telecommunications Corp. will post ($0.81) EPS for the current year.

Several hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System bought a new stake in shares of Comtech Telecommunications Corp. during the second quarter worth about $180,000. Highbridge Capital Management LLC acquired a new position in shares of Comtech Telecommunications Corp. during the second quarter valued at $456,000. Cubist Systematic Strategies LLC acquired a new position in shares of Comtech Telecommunications Corp. during the second quarter valued at $152,000. Guggenheim Capital LLC boosted its position in shares of Comtech Telecommunications Corp. by 4.2% in the second quarter. Guggenheim Capital LLC now owns 84,804 shares of the company’s stock valued at $1,089,000 after buying an additional 3,406 shares during the period. Finally, Citadel Advisors LLC boosted its position 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 valued at $4,686,000 after buying an additional 344,820 shares during the period. 83.12% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently commented on CMTL. Jefferies Group began coverage on shares of Comtech Telecommunications Corp. in a research report on Tuesday, August 2nd. They set a “hold” rating and a $14.00 price objective on the stock. Ladenburg Thalmann began 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 objective on the stock. Northland Securities began 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 objective on the stock. BMO Capital Markets began 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 objective on the stock. Finally, Zacks Investment Research raised shares of Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Monday, July 11th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Comtech Telecommunications Corp. presently has a consensus rating of “Buy” and a consensus price target of $19.00.

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.

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