PC Tel (PCTI) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of PC Tel (NASDAQ:PCTI) from a sell rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “PCTEL designs, develops, and delivers wireless solutions. PCTEL’s products include wireless local area network software products that simplify installation, roaming, Internet access and billing. Its subsidiary, DTI, designs, develops and distributes software-defined receivers and receiver-based products that measure, monitor and optimize the performance of cellular and Wi-Fi networks. . MAXRAD designs, develops, manufactures, and distributes innovative antenna solutions that facilitate and simplify wireless communications. “

Other analysts have also issued research reports about the stock. Lake Street Capital lowered shares of PC Tel from a buy rating to a hold rating and dropped their price objective for the company from $9.00 to $6.00 in a research note on Thursday, August 9th. TheStreet lowered shares of PC Tel from a b rating to a c+ rating in a research note on Monday, July 9th. ValuEngine upgraded shares of PC Tel from a sell rating to a hold rating in a research note on Wednesday, August 29th. Finally, B. Riley upgraded shares of PC Tel from a neutral rating to a buy rating and dropped their price objective for the company from $8.50 to $4.50 in a research note on Thursday, August 9th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $6.25.

Shares of PCTI traded up $0.20 during mid-day trading on Wednesday, reaching $4.66. 215,135 shares of the stock traded hands, compared to its average volume of 39,233. The firm has a market capitalization of $85.16 million, a P/E ratio of 46.60 and a beta of 0.20. PC Tel has a 12-month low of $4.01 and a 12-month high of $7.85.

Several institutional investors and hedge funds have recently bought and sold shares of PCTI. Bronfman E.L. Rothschild L.P. increased its stake in shares of 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 buying an additional 10,166 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of 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 buying an additional 52,137 shares during the last quarter. Royce & Associates LP increased its stake in shares of 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 buying an additional 25,569 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in shares of 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 buying an additional 47,943 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 buying an additional 17,870 shares during the last quarter. Institutional investors own 75.47% of the company’s stock.

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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