PC Tel (PCTI) Lifted to Hold at ValuEngine
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.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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