ValuEngine upgraded shares of Otelco (NASDAQ:OTEL) from a sell rating to a hold rating in a report released on Sunday, December 31st.
Otelco (NASDAQ:OTEL) opened at $14.05 on Friday. 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 company has a market cap of $47.19, a price-to-earnings ratio of 8.57 and a beta of 0.47. Otelco has a fifty-two week low of $5.70 and a fifty-two week high of $14.35.
Otelco (NASDAQ:OTEL) last posted its quarterly earnings data on Monday, November 6th. The technology company reported $0.46 earnings per share for the quarter. Otelco had a net margin of 8.28% and a negative return on equity of 67.92%.
In related news, major shareholder Ira Sochet bought 289,076 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were purchased at an average price of $11.94 per share, with a total value of $3,451,567.44. Following the purchase, the insider now owns 674,518 shares of the company’s stock, valued at approximately $8,053,744.92. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.20% of the company’s stock.
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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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