Comtech Telecommunications Corp. (NASDAQ:CMTL) Director Edwin Kantor sold 3,000 shares of Comtech Telecommunications Corp. stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $10.95, for a total transaction of $32,850.00. Following the transaction, the director now directly owns 7,375 shares in the company, valued at $80,756.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Comtech Telecommunications Corp. (NASDAQ:CMTL) opened at 10.69 on Tuesday. The stock’s market capitalization is $251.30 million. The firm’s 50-day moving average is $12.61 and its 200-day moving average is $16.62. Comtech Telecommunications Corp. has a 12 month low of $10.61 and a 12 month high of $25.85.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last posted its earnings results on Thursday, October 6th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The firm earned $152.40 million during the quarter. Comtech Telecommunications Corp. had a positive return on equity of 1.52% and a negative net margin of 1.88%. The firm’s revenue was up 96.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 earnings per share. On average, equities analysts expect that Comtech Telecommunications Corp. will post ($0.81) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Friday, October 21st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.23%. Comtech Telecommunications Corp.’s dividend payout ratio is currently -235.29%.

Several research analysts have commented on CMTL shares. Citigroup Inc. started coverage on shares of Comtech Telecommunications Corp. in a research note on Wednesday, August 24th. They set a “neutral” rating and a $13.00 price target on the stock. BMO Capital Markets reaffirmed a “buy” rating on shares of Comtech Telecommunications Corp. in a research note on Monday, October 10th. Zacks Investment Research raised shares of Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Monday, July 11th. Noble Financial reaffirmed a “buy” rating and issued a $20.00 target price on shares of Comtech Telecommunications Corp. in a research note on Wednesday, October 12th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $11.75 target price (down from $14.00) on shares of Comtech Telecommunications Corp. in a research note on Wednesday, October 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $16.68.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ClariVest Asset Management LLC increased its position in Comtech Telecommunications Corp. by 4.1% in the second quarter. ClariVest Asset Management LLC now owns 35,909 shares of the company’s stock worth $460,000 after buying an additional 1,400 shares in the last quarter. Strs Ohio increased its position in Comtech Telecommunications Corp. by 8.2% in the second quarter. Strs Ohio now owns 30,300 shares of the company’s stock worth $389,000 after buying an additional 2,300 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Comtech Telecommunications Corp. during the second quarter worth approximately $132,000. New York State Teachers Retirement System increased its position in Comtech Telecommunications Corp. by 0.3% in the second quarter. New York State Teachers Retirement System now owns 61,024 shares of the company’s stock worth $784,000 after buying an additional 200 shares in the last quarter. Finally, Sentinel Trust Co. LBA increased its position in Comtech Telecommunications Corp. by 23.0% in the second quarter. Sentinel Trust Co. LBA now owns 62,986 shares of the company’s stock worth $808,000 after buying an additional 11,795 shares in the last quarter. Hedge funds and other institutional investors own 83.12% of the company’s stock.

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

Receive News & Stock Ratings for Comtech Telecommunications Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecommunications Corp. and related stocks with our FREE daily email newsletter.