Otelco (NASDAQ:OTEL) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Sunday.
Shares of Otelco (NASDAQ OTEL) traded down $0.15 during trading hours on Friday, hitting $13.35. 6,600 shares of the company were exchanged, compared to its average volume of 11,979. Otelco has a fifty-two week low of $5.70 and a fifty-two week high of $13.85. The company has a current ratio of 1.73, a quick ratio of 1.48 and a debt-to-equity ratio of -13.79. The firm has a market capitalization of $44.67, a price-to-earnings ratio of 8.09 and a beta of 0.49.
In related news, major shareholder Ira Sochet acquired 287,366 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average cost of $11.95 per share, for a total transaction of $3,434,023.70. Following the completion of the acquisition, the insider now directly owns 674,518 shares in the company, valued at approximately $8,060,490.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.20% of the company’s stock.
Otelco Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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