PC Tel Inc (PCTI) Receives Average Recommendation of “Hold” from Analysts

PC Tel Inc (NASDAQ:PCTI) has been given an average broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.

Brokers have set a 12 month consensus price objective of $5.50 for the company and are predicting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also assigned PC Tel an industry rank of 13 out of 256 based on the ratings given to related companies.

Several equities analysts recently issued reports on PCTI shares. ValuEngine upgraded PC Tel from a “hold” rating to a “buy” rating in a research note on Tuesday, March 5th. Zacks Investment Research upgraded PC Tel from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research note on Saturday, March 16th.

Shares of PCTI stock traded down $0.21 during mid-day trading on Thursday, reaching $4.90. 14,342 shares of the company were exchanged, compared to its average volume of 60,194. PC Tel has a fifty-two week low of $3.88 and a fifty-two week high of $6.94.

PC Tel (NASDAQ:PCTI) last announced its quarterly earnings data on Thursday, March 14th. The Wireless communications provider reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. PC Tel had a negative return on equity of 2.13% and a negative net margin of 15.09%. The firm had revenue of $21.24 million for the quarter, compared to analysts’ expectations of $20.00 million. On average, analysts anticipate that PC Tel will post 0.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 4.49%. The ex-dividend date was Tuesday, May 7th. PC Tel’s dividend payout ratio (DPR) is presently -95.65%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. bought a new position in PC Tel during the first quarter worth $117,000. Stifel Financial Corp bought a new position in PC Tel during the fourth quarter worth $111,000. Mercer Global Advisors Inc. ADV bought a new position in PC Tel during the first quarter worth $145,000. 1492 Capital Management LLC bought a new position in PC Tel during the fourth quarter worth $159,000. Finally, FDx Advisors Inc. bought a new stake in PC Tel in the fourth quarter valued at $207,000. Hedge funds and other institutional investors own 62.88% 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 designs and manufactures 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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