In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Comtech Telecommunications (CMTL), with a price target of $28.00. The company’s shares closed last Tuesday at $25.66.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 30.7% and a 58.6% success rate. Latimore covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Ribbon Communications, and Limelight Networks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Comtech Telecommunications with a $28.00 average price target.
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The company has a one-year high of $30.40 and a one-year low of $12.96. Currently, Comtech Telecommunications has an average volume of 170.1K.
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Comtech Telecommunications Corp. engages in the design, development, production, and market of products, systems, and services for advanced communications solutions. It operates through the Commercial Solutions and Government Solutions segment. The Commercial Solutions segment offers satellite communications, public safety systems, and enterprise application technologies for commercial customers and smaller government customers. The Government Solutions segment comprises mission-critical technologies and transmission technologies for large government end users, international customers, and domestic prime contractors. The company was founded in 1967 and is headquartered in Melville, NY.
