Otelco (OTEL) Getting Somewhat Favorable News Coverage, Study Shows

News articles about Otelco (NASDAQ:OTEL) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Otelco earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 47.2942758144771 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Otelco (NASDAQ:OTEL) traded up $0.05 during trading hours on Tuesday, hitting $15.40. The stock had a trading volume of 2,847 shares, compared to its average volume of 12,877. The firm has a market capitalization of $51.84, a price-to-earnings ratio of 4.38 and a beta of 0.48. The company has a debt-to-equity ratio of 53.37, a quick ratio of 1.10 and a current ratio of 1.32. Otelco has a 1-year low of $6.50 and a 1-year high of $17.75.

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Separately, ValuEngine raised Otelco from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st.

In related news, major shareholder Ira Sochet bought 25,778 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were acquired at an average price of $14.11 per share, with a total value of $363,727.58. Following the completion of the acquisition, the insider now owns 676,196 shares in the company, valued at approximately $9,541,125.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders bought 28,136 shares of company stock worth $397,454. Corporate insiders own 4.20% of the company’s stock.

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About Otelco

Otelco Inc provides a range of telecommunications services on a retail and wholesale basis. Otelco Inc, together with its subsidiaries, provides a range of telecommunication services on a retail and wholesale basis. It offers local services, including voice access lines that provide local dial tone and calling features, such as caller identification, call waiting, call forwarding, and voicemail; long distance services; billing and collection services for other carriers under contract; directory advertising services; and other telephone related services comprising leasing, selling, installing, and maintaining customer premise telecommunications equipment, as well as the publication of local telephone directories and wireline voice telephone services.

Insider Buying and Selling by Quarter for Otelco (NASDAQ:OTEL)

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