Zacks Investment Research lowered shares of Comtech Telecomm. (NASDAQ:CMTL) from a buy rating to a hold rating in a report released on Thursday.

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. “

A number of other equities analysts have also recently weighed in on the company. BidaskClub raised Comtech Telecomm. from a sell rating to a hold rating in a report on Monday, February 5th. Northland Securities set a $26.00 price objective on Comtech Telecomm. and gave the company a buy rating in a report on Sunday, December 10th. Finally, BMO Capital Markets raised their price objective on Comtech Telecomm. to $26.00 and gave the company an outperform rating in a report on Friday, December 8th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Comtech Telecomm. currently has an average rating of Hold and a consensus price target of $21.30.

Comtech Telecomm. (NASDAQ CMTL) opened at $21.17 on Thursday. The firm has a market capitalization of $499.78, a PE ratio of 29.82, a P/E/G ratio of 9.55 and a beta of 1.83. The company has a current ratio of 1.77, a quick ratio of 1.25 and a debt-to-equity ratio of 0.37. Comtech Telecomm. has a 1-year low of $10.66 and a 1-year high of $23.90.

Comtech Telecomm. (NASDAQ:CMTL) last announced its quarterly earnings data on Wednesday, December 6th. The communications equipment provider reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.22. The company had revenue of $121.57 million for the quarter, compared to analysts’ expectations of $106.94 million. Comtech Telecomm. had a return on equity of 1.87% and a net margin of 3.11%. Comtech Telecomm.’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) EPS. research analysts anticipate that Comtech Telecomm. will post 0.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Wednesday, January 17th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $0.40 dividend on an annualized basis and a yield of 1.89%. Comtech Telecomm.’s dividend payout ratio (DPR) is currently 56.34%.

In other Comtech Telecomm. news, CEO Fred Kornberg sold 15,000 shares of Comtech Telecomm. stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $20.65, for a total value of $309,750.00. Following the transaction, the chief executive officer now directly owns 475,632 shares of the company’s stock, valued at approximately $9,821,800.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Porcelain sold 30,000 shares of Comtech Telecomm. stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $21.41, for a total value of $642,300.00. Following the completion of the transaction, the insider now directly owns 71,668 shares in the company, valued at $1,534,411.88. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CMTL. JPMorgan Chase & Co. increased its stake in shares of Comtech Telecomm. by 16.1% during the second quarter. JPMorgan Chase & Co. now owns 144,362 shares of the communications equipment provider’s stock valued at $2,739,000 after buying an additional 20,038 shares during the period. Wells Fargo & Company MN increased its stake in shares of Comtech Telecomm. by 23.4% during the second quarter. Wells Fargo & Company MN now owns 23,410 shares of the communications equipment provider’s stock valued at $445,000 after buying an additional 4,443 shares during the period. Teachers Advisors LLC increased its stake in shares of Comtech Telecomm. by 26.2% during the second quarter. Teachers Advisors LLC now owns 41,045 shares of the communications equipment provider’s stock valued at $779,000 after buying an additional 8,529 shares during the period. New York State Common Retirement Fund boosted its position in shares of Comtech Telecomm. by 25.6% during the second quarter. New York State Common Retirement Fund now owns 26,500 shares of the communications equipment provider’s stock valued at $503,000 after purchasing an additional 5,399 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of Comtech Telecomm. during the second quarter valued at approximately $261,000. 85.95% of the stock is currently owned by hedge funds and other institutional investors.

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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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