PC Tel (NASDAQ:PCTI) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Other research analysts also recently issued research reports about the company. TheStreet upgraded PC Tel from a “c+” rating to a “b” rating in a research note on Friday, May 4th. B. Riley upgraded PC Tel from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $8.50 to $4.50 in a research note on Thursday, August 9th. Lake Street Capital downgraded PC Tel from a “buy” rating to a “hold” rating and dropped their price target for the stock from $9.00 to $6.00 in a research note on Thursday, August 9th. Finally, Zacks Investment Research downgraded PC Tel from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $6.25.

NASDAQ:PCTI opened at $4.36 on Wednesday. The company has a market cap of $78.02 million, a P/E ratio of 43.60 and a beta of 0.51. PC Tel has a 52-week low of $4.01 and a 52-week high of $7.85.

Several hedge funds have recently made changes to their positions in the business. Ariel Investments LLC grew its stake in shares of PC Tel by 3.1% in the 2nd quarter. Ariel Investments LLC now owns 2,320,817 shares of the Wireless communications provider’s stock valued at $14,482,000 after purchasing an additional 69,567 shares during the last quarter. Chartwell Investment Partners LLC grew its stake in shares of PC Tel by 2.2% in the 2nd quarter. Chartwell Investment Partners LLC now owns 1,866,338 shares of the Wireless communications provider’s stock valued at $11,646,000 after purchasing an additional 39,980 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 during the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of PC Tel by 8.9% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 588,783 shares of the Wireless communications provider’s stock valued at $3,674,000 after purchasing an additional 47,943 shares during the last quarter. Finally, Royce & Associates LP grew its stake in shares of PC Tel by 10.5% in the 2nd quarter. Royce & Associates LP now owns 268,838 shares of the Wireless communications provider’s stock valued at $1,678,000 after purchasing an additional 25,569 shares during the last quarter. Institutional investors own 75.47% of the company’s stock.

About PC Tel

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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