Insider Trading Roundup: Otelco Inc. $OTEL

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Otelco Inc. (OTEL) insider have most recently took part in a trading activity. On Nov 27, 2017 Sochet Ira, 10% Owner bought 289,076 shares having total worth of $3,451,567 at the price of $11.94 per share, following the transaction a total of 679,873 shares owned by Sochet Ira. Before this latest buy, Sochet Ira purchased OTEL at 2 other times during the past twelve months, for a total investment of $294,513 at an average of $5.34 per share.

Furthermore, over the past 12 months , the stock was traded 2 times by insiders. an employee of the company was the buyer in 2 instances.

Shares of Otelco Inc. (OTEL) traded up 0.42% on Nov 29, 2017, hitting $12. 10,701 shares of the company’s stock traded hands. Otelco Inc. has a 52 week low of $3.87 and a 52 week high of $12.35. The company’s market cap is $14 million.

Otelco Inc. (OTEL) last announced its earnings results on Nov 6, 2017. The company reported 0.46 earnings per share (EPS) for the quarter. The company had revenue of $17 million for the quarter During the same quarter in the previous year, the company posted 0.33 earnings per share. The company’s revenue for the quarter was down 3% on a year-over-year basis.

2017-11-06 2017-08-01 2017-05-02 2017-03-06 2016-11-03 2016-08-02 2016-05-04 2016-03-07 2015-11-04
earnings per share 0.46 0.45 0.47 0.27 0.33 0.39 0.52 0.54 0.56
Revenue(M) 16.95 17.41 17.38 16.83 17.39 17.23 17.49 17.72 17.85

Otelco, Inc., was formed in Delaware in 1998. The Company is a service telecommunications provider, offers an array of communication services including telephone, long distance, Internet, broadband services and television in areas of North Central Alabama, Maine, Western Massachusetts, Central Missouri, New Hampshire, Western Vermont and Southern West Virginia. The Company is the provider of wireline telephone services in seven of the eleven RLEC territories it serves. In the remaining four territories, the incumbent cable provider also offers local services in portions of its territory. Local services enable customers to originate and receive telephone calls. It provides local services on a retail basis to residential and business customers. It offers long distance telephone services to its local telephone customers. It resells long distance services purchased from various long distance providers. The Company provides billing and collection services for long distance carriers through negotiated billing and collection agreements for certain types of toll calls placed by its local customers. It provides cable television services, including high definition, digital video recording capability and video on demand, or VOD, over networks with 750 MHz of transmission capacity or by Internet Protocol TV, or IPTV, in its Alabama service area. Its cable television packages offer from 20 to 200 channels. The Company’s CLEC receives monthly recurring revenues for the rental of fiber to transport data and other telecommunications services in Maine and New Hampshire from businesses and telecommunications carriers along its 425 mile owned and leased fiber route. The Company faces competition from cable providers in portions of seven of its eleven RLEC territories. The Company is subject to various federal, state and local laws relating to the protection of the environment.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.