Zacks: PC Tel Inc (PCTI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of PC Tel Inc (NASDAQ:PCTI) have earned a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.

Brokers have set a 12-month consensus target price of $5.25 for the company and are expecting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned PC Tel an industry rank of 10 out of 257 based on the ratings given to related companies.

PCTI has been the subject of several recent research reports. ValuEngine cut shares of PC Tel from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Zacks Investment Research raised shares of PC Tel from a “hold” rating to a “strong-buy” rating and set a $5.25 target price for the company in a report on Friday, November 16th. B. Riley raised shares of PC Tel from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $8.50 to $4.50 in a report on Thursday, August 9th. Finally, Lake Street Capital cut shares of PC Tel from a “buy” rating to a “hold” rating and reduced their target price for the stock from $9.00 to $6.00 in a report on Thursday, August 9th.

Shares of PC Tel stock traded up $0.02 during trading on Thursday, hitting $4.17. 17,285 shares of the company’s stock were exchanged, compared to its average volume of 59,523. PC Tel has a 52-week low of $4.01 and a 52-week high of $7.85. The stock has a market cap of $76.10 million, a PE ratio of 41.70 and a beta of 0.22.

PC Tel (NASDAQ:PCTI) last issued its earnings results on Thursday, November 8th. The Wireless communications provider reported ($0.06) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). PC Tel had a negative net margin of 0.59% and a negative return on equity of 1.57%. The firm had revenue of $18.43 million during the quarter, compared to analysts’ expectations of $19.50 million. On average, analysts predict that PC Tel will post -0.25 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 8th were issued a dividend of $0.055 per share. The ex-dividend date was Wednesday, November 7th. This represents a $0.22 annualized dividend and a dividend yield of 5.28%. PC Tel’s dividend payout ratio (DPR) is presently 220.00%.

Hedge funds have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. grew its position in PC Tel by 22.9% during the second 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 during the period. Rutabaga Capital Management LLC MA acquired a new stake in PC Tel during the third quarter valued at $608,000. Ancora Advisors LLC grew its position in PC Tel by 462.8% during the third quarter. Ancora Advisors LLC now owns 155,651 shares of the Wireless communications provider’s stock valued at $724,000 after buying an additional 127,995 shares during the period. Russell Investments Group Ltd. grew its position in PC Tel by 67.3% during the second quarter. Russell Investments Group Ltd. now owns 255,252 shares of the Wireless communications provider’s stock valued at $1,593,000 after buying an additional 102,692 shares during the period. Finally, Royce & Associates LP grew its position in PC Tel by 10.5% during the second 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 during the period. Institutional investors own 78.04% 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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