PC Tel Inc (PCTI) Given $5.25 Consensus Target Price by Brokerages

Shares of PC Tel Inc (NASDAQ:PCTI) have been assigned a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation. PC Tel’s rating score has declined by 200% from 90 days ago as a result of a number of analysts’ ratings changes.

Analysts have set a 12-month consensus target price of $5.25 for the company and are anticipating that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also assigned PC Tel an industry rank of 29 out of 255 based on the ratings given to related companies.

Several analysts have weighed in on the company. ValuEngine cut PC Tel from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research raised PC Tel from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. Lake Street Capital cut PC Tel from a “buy” rating to a “hold” rating and lowered their price target for the company from $9.00 to $6.00 in a report on Thursday, August 9th. B. Riley raised PC Tel from a “neutral” rating to a “buy” rating and lowered their price target for the company from $8.50 to $4.50 in a report on Thursday, August 9th. Finally, TheStreet cut PC Tel from a “b” rating to a “c+” rating in a report on Monday, July 9th.

Shares of NASDAQ:PCTI traded down $0.04 on Tuesday, hitting $4.83. The company’s stock had a trading volume of 20,036 shares, compared to its average volume of 65,882. PC Tel has a 1 year low of $4.01 and a 1 year high of $7.85. The stock has a market cap of $88.46 million, a P/E ratio of 48.30 and a beta of 0.20.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. raised its holdings in shares of PC Tel by 22.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 54,615 shares of the Wireless communications provider’s stock valued at $341,000 after buying an additional 10,166 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of PC Tel by 51.9% during the 1st quarter. Russell Investments Group Ltd. now owns 152,560 shares of the Wireless communications provider’s stock valued at $1,095,000 after buying an additional 52,137 shares in the last quarter. Royce & Associates LP raised its holdings in shares of PC Tel by 10.5% during the 2nd quarter. Royce & Associates LP now owns 268,838 shares of the Wireless communications provider’s stock valued at $1,678,000 after buying an additional 25,569 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in shares of PC Tel by 8.9% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 588,783 shares of the Wireless communications provider’s stock valued at $3,674,000 after buying an additional 47,943 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of PC Tel by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,506,581 shares of the Wireless communications provider’s stock valued at $9,401,000 after buying an additional 17,870 shares in the last quarter. 75.47% of the stock is currently owned by institutional investors.

About PC Tel

PCTEL, Inc, together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company operates in two segments, Connected Solutions and RF Solutions. The Connected Solutions segment designs and delivers precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things.

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