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

Brokerages have set a one year consensus price objective of $8.50 for the company and are predicting 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 91 out of 265 based on the ratings given to its competitors.

Several brokerages have weighed in on PCTI. B. Riley reiterated a “buy” rating on shares of PC-Tel in a research note on Monday, March 12th. Zacks Investment Research downgraded PC-Tel from a “buy” rating to a “hold” rating in a research note on Saturday.

Several institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in shares of PC-Tel by 0.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,478,515 shares of the Wireless communications provider’s stock valued at $10,897,000 after buying an additional 11,962 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of PC-Tel in the fourth quarter valued at approximately $118,000. OxFORD Asset Management LLP boosted its stake in shares of PC-Tel by 92.3% in the third quarter. OxFORD Asset Management LLP now owns 43,023 shares of the Wireless communications provider’s stock valued at $271,000 after buying an additional 20,650 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of PC-Tel by 138.8% in the third quarter. JPMorgan Chase & Co. now owns 46,198 shares of the Wireless communications provider’s stock valued at $291,000 after buying an additional 26,851 shares in the last quarter. Finally, Chartwell Investment Partners LLC boosted its stake in shares of PC-Tel by 1.8% in the fourth quarter. Chartwell Investment Partners LLC now owns 1,751,082 shares of the Wireless communications provider’s stock valued at $12,905,000 after buying an additional 31,740 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Shares of PCTI stock opened at $7.28 on Thursday. PC-Tel has a twelve month low of $5.65 and a twelve month high of $8.48. The company has a market capitalization of $132.05, a price-to-earnings ratio of 66.18 and a beta of 0.56.

PC-Tel (NASDAQ:PCTI) last announced its earnings results on Thursday, March 15th. The Wireless communications provider reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. PC-Tel had a return on equity of 2.15% and a net margin of 4.09%. The company had revenue of $23.30 million for the quarter, compared to the consensus estimate of $23.73 million. During the same period last year, the business posted $0.08 EPS. equities research analysts predict that PC-Tel will post 0.21 earnings per share for the current fiscal year.

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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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