BidaskClub upgraded shares of Comtech Telecomm. (NASDAQ:CMTL) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.
Other equities analysts have also recently issued research reports about the company. Noble Financial restated an average rating on shares of Comtech Telecomm. in a report on Friday, March 9th. Northland Securities set a $26.00 price target on Comtech Telecomm. and gave the stock a buy rating in a report on Sunday, December 10th. BMO Capital Markets restated a buy rating on shares of Comtech Telecomm. in a report on Thursday, March 8th. Finally, Zacks Investment Research cut Comtech Telecomm. from a buy rating to a hold rating in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Comtech Telecomm. has an average rating of Buy and an average target price of $25.10.
Comtech Telecomm. (CMTL) opened at $30.46 on Tuesday. The firm has a market capitalization of $719.09, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 5.31 and a beta of 1.72. Comtech Telecomm. has a fifty-two week low of $13.11 and a fifty-two 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.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 18th. Shareholders of record on Wednesday, April 18th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Tuesday, April 17th. Comtech Telecomm.’s payout ratio is 36.70%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. acquired a new position in shares of Comtech Telecomm. in the 3rd quarter valued at approximately $116,000. Russell Investments Group Ltd. acquired a new position in shares of Comtech Telecomm. in the 3rd quarter valued at approximately $117,000. SG Americas Securities LLC acquired a new position in shares of Comtech Telecomm. in the 3rd quarter valued at approximately $156,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Comtech Telecomm. 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 purchasing an additional 5,300 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Comtech Telecomm. 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 purchasing an additional 3,270 shares in the last quarter. 87.86% of the stock is currently owned by institutional investors.
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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