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

PC Tel Inc (NASDAQ:PCTI) has been assigned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.

Analysts have set a 1-year consensus target price of $5.25 for the company and are forecasting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also given PC Tel an industry rank of 25 out of 257 based on the ratings given to related companies.

PCTI has been the subject of a number of recent analyst reports. ValuEngine upgraded PC Tel from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. B. Riley upgraded PC Tel from a “neutral” rating to a “buy” rating and decreased their target price for the company from $8.50 to $4.50 in a report on Thursday, August 9th. Lake Street Capital downgraded PC Tel from a “buy” rating to a “hold” rating and decreased their target price for the company from $9.00 to $6.00 in a report on Thursday, August 9th. Finally, Zacks Investment Research downgraded PC Tel from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th.

Shares of PC Tel stock traded down $0.02 during midday trading on Monday, reaching $4.48. 770 shares of the company’s stock traded hands, compared to its average volume of 77,248. The company has a market cap of $84.06 million, a PE ratio of 44.90 and a beta of 0.22. PC Tel has a 12 month low of $4.01 and a 12 month high of $7.85.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 8th will be issued a dividend of $0.055 per share. The ex-dividend date is Wednesday, November 7th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 4.91%. PC Tel’s dividend payout ratio is presently 220.00%.

Institutional investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. grew its stake in PC Tel by 22.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 54,615 shares of the Wireless communications provider’s stock worth $341,000 after purchasing an additional 10,166 shares during the period. Russell Investments Group Ltd. grew its stake in PC Tel by 51.9% in the first quarter. Russell Investments Group Ltd. now owns 152,560 shares of the Wireless communications provider’s stock worth $1,095,000 after purchasing an additional 52,137 shares during the period. Royce & Associates LP grew its stake in PC Tel by 10.5% in the second quarter. Royce & Associates LP now owns 268,838 shares of the Wireless communications provider’s stock worth $1,678,000 after purchasing an additional 25,569 shares during the period. Deprince Race & Zollo Inc. grew its stake in PC Tel by 8.9% in the second quarter. Deprince Race & Zollo Inc. now owns 588,783 shares of the Wireless communications provider’s stock worth $3,674,000 after purchasing an additional 47,943 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in PC Tel by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,506,581 shares of the Wireless communications provider’s stock worth $9,401,000 after purchasing an additional 17,870 shares during the period. Institutional investors own 80.60% of the company’s stock.

PC Tel Company Profile

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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