Zacks Investment Research lowered shares of Comtech Telecomm. (NASDAQ:CMTL) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

According to Zacks, “Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable, inefficient or too expensive. The Company conducts business through three complementary segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. “

Several other equities analysts have also recently issued reports on CMTL. Noble Financial restated a buy rating on shares of Comtech Telecomm. in a research note on Friday, September 29th. BidaskClub upgraded shares of Comtech Telecomm. from a sell rating to a hold rating in a research note on Monday, August 14th. Northland Securities restated a buy rating on shares of Comtech Telecomm. in a research note on Friday, November 17th. Finally, BMO Capital Markets restated a buy rating and set a $21.00 target price on shares of Comtech Telecomm. in a research note on Thursday, September 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $19.10.

Comtech Telecomm. (NASDAQ CMTL) traded down $0.51 on Wednesday, reaching $21.16. 202,848 shares of the company’s stock traded hands, compared to its average volume of 124,538. The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 0.37. The company has a market cap of $511.79, a PE ratio of 63.74, a P/E/G ratio of 10.57 and a beta of 1.91. Comtech Telecomm. has a 1-year low of $9.65 and a 1-year high of $22.90.

Comtech Telecomm. (NASDAQ:CMTL) last posted its earnings results on Wednesday, September 27th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 Telecomm. had a net margin of 2.88% and a return on equity of 1.70%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. research analysts forecast that Comtech Telecomm. will post 0.41 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Wednesday, October 18th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Tuesday, October 17th. Comtech Telecomm.’s dividend payout ratio (DPR) is presently 59.70%.

Large investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan lifted its stake in shares of Comtech Telecomm. by 3.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,570 shares of the communications equipment provider’s stock worth $106,000 after purchasing an additional 210 shares during the period. Macquarie Group Ltd. bought a new position in shares of Comtech Telecomm. in the 3rd quarter worth approximately $116,000. Russell Investments Group Ltd. bought a new position in shares of Comtech Telecomm. in the 3rd quarter worth approximately $117,000. Public Employees Retirement System of Ohio lifted its stake in shares of Comtech Telecomm. by 12.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 8,957 shares of the communications equipment provider’s stock worth $132,000 after purchasing an additional 984 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Comtech Telecomm. in the 3rd quarter worth approximately $156,000. Hedge funds and other institutional investors own 85.93% of the company’s stock.

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About Comtech Telecomm.

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.

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