PC Tel Inc (PCTI) Given $8.25 Consensus Price Target by Brokerages

PC Tel Inc (NASDAQ:PCTI) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokers have set a one year consensus target price of $8.25 for the company and are anticipating that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also given PC Tel an industry rank of 111 out of 265 based on the ratings given to its competitors.

Separately, B. Riley reiterated a “buy” rating and issued a $8.50 price objective on shares of PC Tel in a report on Thursday, November 9th.

In related news, Director Brian J. Jackman sold 10,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $7.21, for a total transaction of $72,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.46% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of PCTI. Prudential Financial Inc. grew its position in PC Tel by 12.3% during the second quarter. Prudential Financial Inc. now owns 59,300 shares of the Wireless communications provider’s stock worth $420,000 after buying an additional 6,500 shares during the period. Northern Trust Corp grew its position in shares of PC Tel by 2.6% in the second quarter. Northern Trust Corp now owns 411,946 shares of the Wireless communications provider’s stock valued at $2,916,000 after purchasing an additional 10,333 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of PC Tel in the third quarter valued at approximately $101,000. Susquehanna International Group LLP acquired a new stake in shares of PC Tel in the second quarter valued at approximately $114,000. Finally, JPMorgan Chase & Co. grew its position in shares of PC Tel by 1,048.2% in the second quarter. JPMorgan Chase & Co. now owns 19,347 shares of the Wireless communications provider’s stock valued at $137,000 after purchasing an additional 17,662 shares during the last quarter. 73.43% of the stock is owned by hedge funds and other institutional investors.

PC Tel (NASDAQ:PCTI) traded up $0.02 during trading hours on Thursday, reaching $7.60. The company’s stock had a trading volume of 11,560 shares, compared to its average volume of 17,967. PC Tel has a twelve month low of $5.11 and a twelve month high of $8.48. The company has a market capitalization of $130.04, a price-to-earnings ratio of -26.21 and a beta of 0.67.

PC Tel (NASDAQ:PCTI) last released its earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $23.70 million for the quarter, compared to analysts’ expectations of $23.11 million. PC Tel had a positive return on equity of 2.14% and a negative net margin of 4.86%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. research analysts forecast that PC Tel will post 0.12 EPS for the current year.

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PC Tel Company Profile

PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.

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