PC Tel (NASDAQ:PCTI) Stock Rating Lowered by Zacks Investment Research
Summary
Its subsidiary, DTI, designs, develops and distributes software-defined receivers and receiver-based products that measure, monitor and optimize the performance of cellular and Wi-Fi networks. Lake Street Capital raised their target price on shares of PC Tel from $6.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Dalton Greiner Hartman Maher & Co. purchased a new stake in PC Tel in the third quarter worth approximately $356,000. 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 designs and manufactures 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.