Comtech Telecommunications Corp. (NASDAQ:CMTL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Comtech Telecommunications Corp. designs and produces a wide range of telecom systems and services. The company’s telecom transmission division markets such products as satellite earth station equipment and over-the-horizon microwave systems. The mobile data communications department offers mobile satellite transceivers and satellite packet data networks. Comtech also manufactures broadband amplifiers in the microwave and radio frequency spectrums. Its amplifiers are used in both defense and commercial applications. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies. Its Commercial Solutions segment provides satellite communications (such as satellite earth station modems and traveling wave tube amplifiers), public safety systems (such as next generation 911 technologies) and enterprise application technologies (such as messaging and trusted location-based technologies. “

A number of other equities research analysts have also recently weighed in on CMTL. Noble Financial restated a “buy” rating on shares of Comtech Telecommunications Corp. in a report on Friday, September 29th. BidaskClub upgraded shares of Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 14th. BMO Capital Markets restated a “buy” rating and issued a $21.00 price objective on shares of Comtech Telecommunications Corp. in a report on Thursday, September 28th. ValuEngine upgraded shares of Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Finally, Northland Securities set a $22.00 price objective on shares of Comtech Telecommunications Corp. and gave the stock a “buy” rating in a report on Monday, July 10th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.25.

Comtech Telecommunications Corp. (NASDAQ CMTL) opened at 20.62 on Friday. The company has a market cap of $486.32 million, a PE ratio of 30.78 and a beta of 1.93. The company has a 50-day moving average of $19.90 and a 200 day moving average of $17.26. Comtech Telecommunications Corp. has a 12 month low of $9.52 and a 12 month high of $21.40.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its quarterly earnings data on Wednesday, September 27th. The communications equipment provider reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The business had revenue of $147.80 million for the quarter, compared to analysts’ expectations of $150.57 million. Comtech Telecommunications Corp. had a net margin of 2.88% and a return on equity of 1.70%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, equities analysts forecast that Comtech Telecommunications Corp. will post $0.41 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan grew its holdings in shares of Comtech Telecommunications Corp. by 3.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,570 shares of the communications equipment provider’s stock valued at $106,000 after buying an additional 210 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Comtech Telecommunications Corp. by 12.3% during the first quarter. Public Employees Retirement System of Ohio now owns 8,957 shares of the communications equipment provider’s stock valued at $132,000 after buying an additional 984 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Comtech Telecommunications Corp. by 49.1% during the second quarter. BNP Paribas Arbitrage SA now owns 12,055 shares of the communications equipment provider’s stock valued at $229,000 after buying an additional 3,972 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Comtech Telecommunications Corp. by 0.8% during the first quarter. Arizona State Retirement System now owns 12,229 shares of the communications equipment provider’s stock valued at $180,000 after buying an additional 100 shares during the last quarter. Finally, American International Group Inc. grew its holdings in shares of Comtech Telecommunications Corp. by 7.9% during the first quarter. American International Group Inc. now owns 13,721 shares of the communications equipment provider’s stock valued at $202,000 after buying an additional 1,010 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Comtech Telecommunications Corp. Company Profile

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 Telecommunications Corp. (NASDAQ:CMTL)

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