Media headlines about Comtech Telecomm. (NASDAQ:CMTL) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Comtech Telecomm. earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 47.2837512968387 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Comtech Telecommunications Corp. Awarded $1.3 Million Production Order for Solid-State Power Amplifiers (finance.yahoo.com)
- Short Interest in Comtech Telecomm. Corp. (CMTL) Drops By 51.7% (americanbankingnews.com)
- Comtech Telecomm. Corp. (CMTL) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- Comtech Telecommunications gets USD 1.0m for NFV-based location services (financial-news.co.uk)
- Comtech Telecommunications Corp. (CMTL) Ex-Dividend Date Scheduled (nasdaq.com)
Shares of Comtech Telecomm. (CMTL) traded down $0.58 on Wednesday, reaching $21.40. 86,900 shares of the company’s stock were exchanged, compared to its average volume of 141,100. The company has a current ratio of 1.77, a quick ratio of 1.25 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $505.67, a PE ratio of 30.14, a P/E/G ratio of 9.92 and a beta of 1.90. Comtech Telecomm. has a one year low of $10.51 and a one year high of $23.90.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Wednesday, January 17th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Tuesday, January 16th. Comtech Telecomm.’s dividend payout ratio is presently 56.34%.
A number of equities analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Comtech Telecomm. to $26.00 and gave the stock an “outperform” rating in a research report on Friday, December 8th. Zacks Investment Research upgraded shares of Comtech Telecomm. from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research report on Tuesday, December 12th. Northland Securities set a $26.00 target price on shares of Comtech Telecomm. and gave the stock a “buy” rating in a research report on Sunday, December 10th. Finally, Noble Financial restated a “buy” rating on shares of Comtech Telecomm. in a research report on Friday, September 29th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $21.30.
In other news, insider Michael Porcelain sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were 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 owns 71,668 shares of the company’s stock, valued at $1,534,411.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Fred Kornberg sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $20.65, for a total transaction of $309,750.00. Following the completion of 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 disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.
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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