ValuEngine Downgrades PC Tel (PCTI) to Hold

PC Tel (NASDAQ:PCTI) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Monday, February 4th.

Separately, Zacks Investment Research raised PC Tel from a “hold” rating to a “strong-buy” rating and set a $5.25 price objective on the stock in a report on Friday, November 16th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. PC Tel currently has a consensus rating of “Buy” and a consensus target price of $5.25.

Shares of PCTI stock opened at $5.05 on Monday. The stock has a market cap of $95.54 million, a price-to-earnings ratio of 50.50 and a beta of 0.30. PC Tel has a 1 year low of $3.88 and a 1 year high of $7.60.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Deprince Race & Zollo Inc. grew its holdings in shares of PC Tel by 161.5% during the third quarter. Deprince Race & Zollo Inc. now owns 1,539,770 shares of the Wireless communications provider’s stock worth $7,160,000 after buying an additional 950,987 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in PC Tel by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,506,581 shares of the Wireless communications provider’s stock valued at $9,401,000 after purchasing an additional 17,870 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in PC Tel by 0.8% in the 3rd quarter. Renaissance Technologies LLC now owns 1,487,399 shares of the Wireless communications provider’s stock valued at $6,916,000 after purchasing an additional 11,300 shares in the last quarter. Rutabaga Capital Management LLC MA boosted its holdings in PC Tel by 325.4% in the 4th quarter. Rutabaga Capital Management LLC MA now owns 556,360 shares of the Wireless communications provider’s stock valued at $2,387,000 after purchasing an additional 425,562 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in PC Tel by 3.4% in the 4th quarter. BlackRock Inc. now owns 532,307 shares of the Wireless communications provider’s stock valued at $2,284,000 after purchasing an additional 17,488 shares in the last quarter. 72.87% of the stock is currently owned by hedge funds and other institutional investors.

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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