Comtech Telecommunications Corp. (NASDAQ:CMTL) had its price target lowered by Citigroup Inc. from $13.00 to $12.00 in a research report sent to investors on Monday. Citigroup Inc. currently has a neutral rating on the stock.

Several other equities research analysts also recently weighed in on the stock. BMO Capital Markets reissued a buy rating on shares of Comtech Telecommunications Corp. in a research report on Monday. Jefferies Group assumed coverage on shares of Comtech Telecommunications Corp. in a research report on Tuesday, August 2nd. They issued a hold rating and a $14.00 target price for the company. Ladenburg Thalmann initiated coverage on shares of Comtech Telecommunications Corp. in a research report on Friday, July 22nd. They issued a buy rating and a $19.00 target price 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 research report on Monday, July 11th. Finally, Northland Securities initiated 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 for the company. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $18.86.

Analyst Recommendations for Comtech Telecommunications Corp. (NASDAQ:CMTL)

Comtech Telecommunications Corp. (NASDAQ:CMTL) opened at 11.75 on Monday. The firm has a 50-day moving average of $12.88 and a 200-day moving average of $17.02. The stock’s market capitalization is $276.22 million. Comtech Telecommunications Corp. has a one year low of $11.24 and a one year high of $25.85.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last released its earnings results 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 for the quarter was up 96.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. On average, equities research analysts forecast that Comtech Telecommunications Corp. will post ($0.81) earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Friday, October 21st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.25%. The ex-dividend date of this dividend is Wednesday, October 19th. Comtech Telecommunications Corp.’s dividend payout ratio is currently -235.29%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. acquired a new stake in Comtech Telecommunications Corp. during the second quarter valued at approximately $100,000. Levin Capital Strategies L.P. acquired a new stake in Comtech Telecommunications Corp. during the second quarter valued at approximately $128,000. Louisiana State Employees Retirement System acquired a new stake in Comtech Telecommunications Corp. during the second quarter valued at approximately $132,000. Alliancebernstein L.P. raised 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 valued at $148,000 after buying an additional 2,700 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Comtech Telecommunications Corp. during the second quarter valued at approximately $152,000. 83.12% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:CMTL

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