News stories about Otelco (NASDAQ:OTEL) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Otelco earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.0994393694818 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Insider Buying: Otelco Inc (OTEL) Major Shareholder Purchases 1,678 Shares of Stock (americanbankingnews.com)
- Otelco Inc (OTEL) Major Shareholder Buys $363,727.58 in Stock (americanbankingnews.com)
- Otelco to Release 2017 Fourth Quarter and Year-End Results (finance.yahoo.com)
- ValuEngine Upgrades Otelco (OTEL) to Hold (americanbankingnews.com)
- Yacktman Asset Management Buys 2 Stocks in 4th Quarter (finance.yahoo.com)
Shares of Otelco (NASDAQ:OTEL) traded up $0.32 during trading hours on Thursday, hitting $14.57. The company had a trading volume of 6,162 shares, compared to its average volume of 11,910. The company has a quick ratio of 1.48, a current ratio of 1.73 and a debt-to-equity ratio of -13.79. The firm has a market cap of $47.69, a P/E ratio of 8.88 and a beta of 0.53. Otelco has a 1 year low of $5.70 and a 1 year high of $15.50.
Separately, ValuEngine raised Otelco from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd.
In other Otelco news, major shareholder Ira Sochet acquired 25,778 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $14.11 per share, with a total value of $363,727.58. Following the transaction, the insider now owns 676,196 shares of the company’s stock, valued at $9,541,125.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased a total of 603,898 shares of company stock valued at $7,273,029 over the last three months. Corporate insiders own 4.20% of the company’s stock.
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.
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