Northland Securities Reaffirms “Buy” Rating for Comtech Telecommunications Corp. (CMTL)

Northland Securities reaffirmed their buy rating on shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) in a research note issued to investors on Friday morning.

Several other equities research analysts also recently weighed in on CMTL. Zacks Investment Research downgraded shares of Comtech Telecommunications Corp. from a buy rating to a hold rating in a research note on Friday, October 6th. BMO Capital Markets reiterated a buy rating and set a $21.00 target price on shares of Comtech Telecommunications Corp. in a research note on Thursday, September 28th. BidaskClub downgraded shares of Comtech Telecommunications Corp. from a buy rating to a hold rating in a research note on Thursday, July 27th. Finally, Noble Financial reiterated a buy rating on shares of Comtech Telecommunications Corp. in a research note on Friday, September 29th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $19.10.

Comtech Telecommunications Corp. (CMTL) opened at $20.57 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.25 and a current ratio of 1.67. The company has a market cap of $485.81, a price-to-earnings ratio of 60.50, a P/E/G ratio of 10.03 and a beta of 1.92. Comtech Telecommunications Corp. has a 12 month low of $9.65 and a 12 month high of $22.90.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last issued its earnings results on Wednesday, September 27th. The communications equipment provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Comtech Telecommunications Corp. had a net margin of 2.88% and a return on equity of 1.70%. The firm had revenue of $147.80 million during the quarter, compared to the consensus estimate of $150.57 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company’s revenue was down 3.0% compared to the same quarter last year. analysts expect that Comtech Telecommunications Corp. will post 0.41 EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Wednesday, October 18th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, October 17th. This represents a $0.40 annualized dividend and a yield of 1.94%. Comtech Telecommunications Corp.’s dividend payout ratio is currently 59.70%.

A number of hedge funds and other institutional investors have recently bought and sold shares of CMTL. American International Group Inc. raised its holdings in 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 worth $202,000 after purchasing an additional 1,010 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in Comtech Telecommunications Corp. by 10.5% in the first quarter. OppenheimerFunds Inc. now owns 24,945 shares of the communications equipment provider’s stock valued at $368,000 after buying an additional 2,380 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Comtech Telecommunications Corp. by 3.6% in the first quarter. Principal Financial Group Inc. now owns 178,816 shares of the communications equipment provider’s stock valued at $2,636,000 after buying an additional 6,286 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Comtech Telecommunications Corp. by 14.2% in the first quarter. TIAA CREF Investment Management LLC now owns 123,273 shares of the communications equipment provider’s stock valued at $1,817,000 after buying an additional 15,317 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Comtech Telecommunications Corp. by 2.4% in the first quarter. Geode Capital Management LLC now owns 185,467 shares of the communications equipment provider’s stock valued at $2,733,000 after buying an additional 4,342 shares in the last quarter. 87.37% of the stock is owned by hedge funds and other institutional investors.

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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