Comtech Telecomm. (NASDAQ:CMTL) Raised to Hold at ValuEngine

ValuEngine upgraded shares of Comtech Telecomm. (NASDAQ:CMTL) from a sell rating to a hold rating in a research report report published on Tuesday, ValuEngine reports.

A number of other brokerages also recently commented on CMTL. Citigroup upped their target price on Comtech Telecomm. from $32.00 to $36.00 and gave the stock a neutral rating in a research note on Thursday, September 26th. Zacks Investment Research downgraded Comtech Telecomm. from a buy rating to a hold rating in a research report on Monday, August 12th. Northland Securities reiterated a buy rating and set a $42.00 price target on shares of Comtech Telecomm. in a research report on Wednesday, September 25th. Finally, BidaskClub upgraded Comtech Telecomm. from a buy rating to a strong-buy rating in a research report on Saturday, November 2nd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $36.50.

NASDAQ:CMTL traded up $0.03 during mid-day trading on Tuesday, hitting $36.02. 144,200 shares of the company’s stock traded hands, compared to its average volume of 139,180. Comtech Telecomm. has a twelve month low of $20.94 and a twelve month high of $36.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.41 and a current ratio of 1.93. The company has a market capitalization of $875.83 million, a P/E ratio of 26.88, a P/E/G ratio of 4.98 and a beta of 1.51. The company has a fifty day moving average of $33.02 and a 200 day moving average of $28.21.

Comtech Telecomm. (NASDAQ:CMTL) last issued its earnings results on Tuesday, September 24th. The communications equipment provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.08. Comtech Telecomm. had a return on equity of 6.29% and a net margin of 3.73%. The firm had revenue of $176.40 million for the quarter, compared to the consensus estimate of $164.89 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts expect that Comtech Telecomm. will post 1.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Wednesday, October 16th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. Comtech Telecomm.’s dividend payout ratio is currently 29.85%.

In other Comtech Telecomm. news, VP Richard L. Burt sold 40,703 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $34.33, for a total transaction of $1,397,333.99. Following the transaction, the vice president now owns 70,187 shares in the company, valued at $2,409,519.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of CMTL. FMR LLC boosted its position in Comtech Telecomm. by 13.6% during the first quarter. FMR LLC now owns 81,397 shares of the communications equipment provider’s stock worth $1,890,000 after purchasing an additional 9,760 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Comtech Telecomm. during the second quarter worth approximately $286,000. Arizona State Retirement System boosted its position in Comtech Telecomm. by 1.5% during the second quarter. Arizona State Retirement System now owns 37,443 shares of the communications equipment provider’s stock worth $1,053,000 after purchasing an additional 565 shares in the last quarter. Alpha Windward LLC raised its holdings in shares of Comtech Telecomm. by 21.6% during the second quarter. Alpha Windward LLC now owns 21,240 shares of the communications equipment provider’s stock valued at $620,000 after acquiring an additional 3,780 shares during the last quarter. Finally, Aperio Group LLC acquired a new position in shares of Comtech Telecomm. during the second quarter valued at approximately $111,000. Institutional investors own 86.10% of the company’s stock.

About Comtech Telecomm.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.

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