Comtech Telecommunications (NASDAQ:CMTL)‘s stock had its “average” rating reaffirmed by Noble Financial in a research note issued to investors on Friday, March 9th.
CMTL has been the subject of a number of other research reports. Northland Securities restated a “buy” rating on shares of Comtech Telecommunications in a report on Friday, November 17th. Zacks Investment Research lowered Comtech Telecommunications from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. BMO Capital Markets upped their price target on Comtech Telecommunications to $26.00 and gave the stock an “outperform” rating in a research report on Friday, December 8th. Finally, BidaskClub downgraded Comtech Telecommunications from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.10.
NASDAQ CMTL traded up $0.31 during trading hours on Friday, hitting $30.20. 247,460 shares of the company were exchanged, compared to its average volume of 197,899. The stock has a market capitalization of $706.01, a P/E ratio of 89.06, a PEG ratio of 10.97 and a beta of 1.48. Comtech Telecommunications has a 52 week low of $13.11 and a 52 week high of $31.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.82 and a quick ratio of 1.29.
Comtech Telecommunications (NASDAQ:CMTL) last released its earnings results on Wednesday, March 7th. The communications equipment provider reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.15. The firm had revenue of $133.70 million for the quarter, compared to analysts’ expectations of $124.65 million. Comtech Telecommunications had a return on equity of 2.20% and a net margin of 4.87%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share. equities research analysts anticipate that Comtech Telecommunications will post 0.55 earnings per share for the current fiscal year.
In other Comtech Telecommunications news, insider Richard L. Burt sold 82,700 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $30.46, for a total transaction of $2,519,042.00. Following the sale, the insider now directly owns 178,315 shares of the company’s stock, valued at approximately $5,431,474.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.00% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. purchased a new stake in shares of Comtech Telecommunications during the 3rd quarter worth about $116,000. Russell Investments Group Ltd. purchased a new position in Comtech Telecommunications in the 3rd quarter valued at about $117,000. SG Americas Securities LLC purchased a new position in Comtech Telecommunications in the 3rd quarter valued at about $156,000. Teachers Retirement System of The State of Kentucky lifted its stake in Comtech Telecommunications by 182.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 8,200 shares of the communications equipment provider’s stock valued at $168,000 after buying an additional 5,300 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its stake in Comtech Telecommunications by 58.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 8,840 shares of the communications equipment provider’s stock valued at $181,000 after buying an additional 3,270 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.
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Comtech Telecommunications Company Profile
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment provides ground-based equipment, such as single channel per carrier modems and solid state amplifiers that facilitate the transmission of voice, video, and data, as well as offers traveling wave tube amplifiers comprising high power narrow-band amplifiers that are used to amplify signals from satellite earth stations; and safety and security technology solutions that enable 911 c.
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