Somewhat Positive Media Coverage Somewhat Unlikely to Impact PC Tel (PCTI) Share Price
News coverage about PC Tel (NASDAQ:PCTI) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PC Tel earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the Wireless communications provider an impact score of 45.6620658924897 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern’s analysis:
- Lake Street Capital Downgrades PC Tel (PCTI) to Hold (americanbankingnews.com)
- B. Riley Upgrades PC Tel (PCTI) to “Buy” (americanbankingnews.com)
- PC Tel Inc (PCTI) Given Consensus Rating of “Strong Buy” by Brokerages (americanbankingnews.com)
- Pctel: 2Q Earnings Snapshot (finance.yahoo.com)
- Pctel (PCTI) Reports Break-Even Earnings for Q2 (finance.yahoo.com)
PCTI has been the subject of several research analyst reports. TheStreet upgraded PC Tel from a “c+” rating to a “b” rating in a research report on Friday, May 4th. B. Riley upgraded PC Tel from a “neutral” rating to a “buy” rating and cut their target price for the stock from $8.50 to $4.50 in a research report on Thursday. Zacks Investment Research upgraded PC Tel from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Tuesday, April 17th. Lake Street Capital cut PC Tel from a “buy” rating to a “hold” rating and cut their target price for the stock from $9.00 to $6.00 in a research report on Thursday. Finally, ValuEngine cut PC Tel from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. PC Tel has an average rating of “Hold” and a consensus price target of $6.25.
PC Tel (NASDAQ:PCTI) last released its earnings results on Wednesday, May 9th. The Wireless communications provider reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). PC Tel had a return on equity of 1.41% and a net margin of 2.35%. The firm had revenue of $21.73 million during the quarter, compared to analysts’ expectations of $21.70 million. During the same quarter last year, the business posted $0.05 earnings per share. research analysts predict that PC Tel will post 0.2 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Wednesday, August 8th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 4.95%. The ex-dividend date is Tuesday, August 7th. PC Tel’s dividend payout ratio is currently 220.00%.
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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