Comtech Telecomm. (NASDAQ:CMTL) Upgraded at BidaskClub

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BidaskClub upgraded shares of Comtech Telecomm. (NASDAQ:CMTL) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday, November 2nd, BidAskClub reports.

A number of other brokerages have also commented on CMTL. Northland Securities reissued a buy rating and set a $42.00 price target on shares of Comtech Telecomm. in a research note on Wednesday, September 25th. Zacks Investment Research lowered Comtech Telecomm. from a buy rating to a hold rating in a research note on Monday, August 12th. Finally, Citigroup increased their price target on Comtech Telecomm. from $32.00 to $36.00 and gave the company a neutral rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $36.50.

Shares of CMTL traded up $0.48 during trading hours on Friday, reaching $35.33. 91,400 shares of the company’s stock traded hands, compared to its average volume of 159,251. The company has a current ratio of 1.93, a quick ratio of 1.41 and a debt-to-equity ratio of 0.31. Comtech Telecomm. has a 12 month low of $20.94 and a 12 month high of $36.61. The firm’s 50 day simple moving average is $32.38 and its 200-day simple moving average is $27.83. The stock has a market cap of $855.45 million, a PE ratio of 26.37, a price-to-earnings-growth ratio of 4.86 and a beta of 1.51.

Comtech Telecomm. (NASDAQ:CMTL) last announced its quarterly earnings results on Tuesday, September 24th. The communications equipment provider reported $0.25 EPS for the quarter, beating 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 company had revenue of $176.40 million during the quarter, compared to analyst estimates of $164.89 million. During the same period in the prior year, the company earned $0.31 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, analysts expect that Comtech Telecomm. will post 1.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Wednesday, October 16th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Tuesday, October 15th. Comtech Telecomm.’s payout ratio is 29.85%.

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

Several hedge funds and other institutional investors have recently modified their holdings of CMTL. Quantamental Technologies LLC purchased a new position in Comtech Telecomm. during the 2nd quarter worth $49,000. Aperio Group LLC purchased a new position in Comtech Telecomm. during the 2nd quarter worth $111,000. Captrust Financial Advisors increased its holdings in Comtech Telecomm. by 71.4% during the 2nd quarter. Captrust Financial Advisors now owns 6,000 shares of the communications equipment provider’s stock worth $169,000 after purchasing an additional 2,500 shares during the period. Bailard Inc. purchased a new position in Comtech Telecomm. during the 3rd quarter worth $224,000. Finally, Susquehanna International Group LLP increased its holdings in Comtech Telecomm. by 41.7% during the 2nd quarter. Susquehanna International Group LLP now owns 8,360 shares of the communications equipment provider’s stock worth $235,000 after purchasing an additional 2,460 shares during the period. Hedge funds and other institutional investors own 85.97% of the company’s stock.

Comtech Telecomm. Company Profile

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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