PC Tel (PCTI) Upgraded to Buy at Zacks Investment Research

PC Tel (NASDAQ:PCTI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The brokerage currently has a $5.50 price target on the Wireless communications provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 2.80% from the stock’s previous close.

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. “

Separately, ValuEngine upgraded PC Tel from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $5.33.

Shares of NASDAQ:PCTI opened at $5.35 on Friday. The stock has a market cap of $98.10 million, a P/E ratio of 53.50 and a beta of 0.25. PC Tel has a one year low of $3.88 and a one year high of $7.60.

Hedge funds have recently bought and sold shares of the business. Stifel Financial Corp purchased a new stake in PC Tel during the 4th quarter worth approximately $111,000. 1492 Capital Management LLC purchased a new stake in PC Tel during the 4th quarter worth approximately $159,000. FDx Advisors Inc. purchased a new stake in PC Tel during the 4th quarter worth approximately $207,000. Alambic Investment Management L.P. purchased a new stake in PC Tel during the 4th quarter worth approximately $406,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in PC Tel during the 4th quarter worth approximately $418,000. Institutional investors own 63.75% 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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