Comtech Telecomm. (CMTL) Receives Buy Rating from Northland Securities

Comtech Telecomm. (NASDAQ:CMTL)‘s stock had its “buy” rating reiterated by stock analysts at Northland Securities in a research report issued to clients and investors on Friday, November 17th.

CMTL has been the subject of several other reports. BidaskClub cut Comtech Telecomm. from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research cut Comtech Telecomm. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BMO Capital Markets reissued a “buy” rating and set a $21.00 price target on shares of Comtech Telecomm. in a report on Thursday, September 28th. Finally, Noble Financial restated a “buy” rating on shares of Comtech Telecomm. in a research report on Friday, September 29th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Comtech Telecomm. presently has a consensus rating of “Hold” and an average target price of $19.10.

Comtech Telecomm. (CMTL) traded down $0.47 during trading hours on Friday, reaching $20.69. The company’s stock had a trading volume of 127,250 shares, compared to its average volume of 242,556. The firm has a market capitalization of $499.74, a price-to-earnings ratio of 62.24, a price-to-earnings-growth ratio of 10.32 and a beta of 1.91. The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 0.37. Comtech Telecomm. has a 1 year low of $9.65 and a 1 year high of $22.90.

Comtech Telecomm. (NASDAQ:CMTL) last posted its quarterly earnings data on Wednesday, September 27th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The business had revenue of $147.80 million during the quarter, compared to the consensus estimate of $150.57 million. Comtech Telecomm. had a return on equity of 1.70% and a net margin of 2.88%. Comtech Telecomm.’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. sell-side analysts expect that Comtech Telecomm. will post 0.41 EPS for the current year.

Institutional investors have recently modified their holdings of the company. Arizona State Retirement System boosted its holdings in shares of Comtech Telecomm. by 0.8% in the second quarter. Arizona State Retirement System now owns 12,329 shares of the communications equipment provider’s stock worth $234,000 after acquiring an additional 100 shares during the period. Texas Permanent School Fund boosted its holdings in shares of Comtech Telecomm. by 1.0% in the second quarter. Texas Permanent School Fund now owns 17,196 shares of the communications equipment provider’s stock worth $326,000 after acquiring an additional 163 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Comtech Telecomm. by 3.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,570 shares of the communications equipment provider’s stock worth $106,000 after acquiring an additional 210 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Comtech Telecomm. by 12.3% in the first quarter. Public Employees Retirement System of Ohio now owns 8,957 shares of the communications equipment provider’s stock worth $132,000 after acquiring an additional 984 shares during the period. Finally, American International Group Inc. raised its position in shares of Comtech Telecomm. by 7.9% in the first quarter. American International Group Inc. now owns 13,721 shares of the communications equipment provider’s stock worth $202,000 after buying an additional 1,010 shares in the last quarter. 86.02% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Comtech Telecomm. (CMTL) Receives Buy Rating from Northland Securities” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright legislation. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2017/12/04/northland-securities-reiterates-buy-rating-for-comtech-telecommunications-corp-cmtl.html.

Comtech Telecomm. 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 Telecomm. (NASDAQ:CMTL)

Receive News & Ratings for Comtech Telecomm. Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecomm. Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply