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

Comtech Telecommunications Corp. (NASDAQ:CMTL)‘s stock had its “buy” rating restated by research analysts at Northland Securities in a research note issued on Friday.

CMTL has been the topic of several other reports. Zacks Investment Research raised shares of Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub raised shares of Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Noble Financial reissued a “buy” rating on shares of Comtech Telecommunications Corp. in a research report on Friday, September 29th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $21.00 price objective on shares of Comtech Telecommunications Corp. in a research report on Thursday, September 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.10.

Shares of Comtech Telecommunications Corp. (NASDAQ CMTL) opened at $20.57 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 0.37. Comtech Telecommunications Corp. has a 1 year low of $9.65 and a 1 year high of $22.90. The stock has a market cap of $487.76, a price-to-earnings ratio of 58.00, a price-to-earnings-growth ratio of 9.62 and a beta of 1.92.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last posted its quarterly earnings results on Wednesday, September 27th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $150.57 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. equities analysts anticipate that Comtech Telecommunications Corp. will post 0.41 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of CMTL. American International Group Inc. raised its position in shares of Comtech Telecommunications Corp. by 7.9% in the first quarter. American International Group Inc. now owns 13,721 shares of the communications equipment provider’s stock valued at $202,000 after purchasing an additional 1,010 shares during the period. OppenheimerFunds Inc. raised its position in shares of 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 purchasing an additional 2,380 shares during the period. Principal Financial Group Inc. raised its position in shares of 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 purchasing an additional 6,286 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of 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 purchasing an additional 15,317 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 4,342 shares during the period. 86.29% of the stock is currently owned by institutional investors.

About Comtech Telecommunications Corp.

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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