Zacks: Analysts Give $8.88 Average Target Price to PC Tel …

Zacks: Analysts Give .88 Average Target Price To PC Tel ...PC Tel (NASDAQ:PCTI) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research1 reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus target price of $8.88 for the company and are predicting that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also assigned PC Tel an industry rank of 74 out of 265 based on the ratings given to its competitors. Shares of PC Tel (NASDAQ:PCTI2) traded down 1.50% on Monday, hitting $5.93. The stock had a trading volume of 21,733 shares. The firm has a market cap of $107.13 million and a P/E ratio of 23.91. The company s 50-day moving average price is $5.90 and its 200 day moving average price is $7.10.

PC Tel has a 12-month low of $5.22 and a 12-month high of $8.94. PC Tel (NASDAQ:PCTI) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks consensus estimate of $0.12 by $0.10. The company earned $27.63 million during the quarter, compared to analyst estimates of $30.30 million. During the same period in the prior year, the company earned $0.11 EPS. PC Tel s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts forecast that PC Tel will post $0.18 earnings per share for the current fiscal year.

A number of research firms recently issued reports on PCTI. B. Riley reiterated a buy rating and set a $9.75 price target on shares of PC Tel in a research report on Monday, August 10th. Zacks3 downgraded PC Tel from a hold rating to a strong sell rating in a research note on Friday, August 7th. TheStreet lowered PC Tel from a buy rating to a hold rating in a research report on Wednesday, August 5th. Finally, Wunderlich dropped their price target on PC Tel from $9.00 to $8.00 and set a buy rating on the stock in a research report on Wednesday, August 5th.

PCTEL, Inc. (NASDAQ:PCTI4) delivers performance critical telecom solutions. PCTEL RF Solutions develops and provides test equipment, software and engineering services for wireless networks. The Company operates in two segments: Connected Solutions and RF Solutions. The Connected Solutions segment designs and delivers performance critical antennas and site solutions for wireless networks globally. The RF Solutions segment develops and provides performance critical test equipment, software, and engineering services for wireless networks. Its antennas support wireless standards for cellular, private, and broadband networks. PCTEL antennas and site solutions support networks worldwide, including SCADA for oil, gas and utilities, fleet management, industrial operations, healthcare, small cell and network timing deployment, defense, public safety, education and broadband access.Zacks: Analysts Give .88 Average Target Price To PC Tel ...

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References

  1. ^ Zacks Investment Research (www.zacks.com)
  2. ^ NASDAQ:PCTI (www.marketbeat.com)
  3. ^ Zacks (www.zacks.com)
  4. ^ NASDAQ:PCTI (www.marketbeat.com)
  5. ^ click here (www.zacks.com)
  6. ^ Zacks.com (www.zacks.com)
  7. ^ MarketBeat.com’s FREE daily email newsletter (www.financialwisdomworks.com)

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