Primus Telecom (HCHC) Getting Somewhat Positive Media Coverage, Study Shows

Media headlines about Primus Telecom (NYSE:HCHC) have been trending somewhat positive this week, Accern reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Primus Telecom earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.6182897003626 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Primus Telecom from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. ValuEngine raised Primus Telecom from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, B. Riley upped their target price on Primus Telecom from $11.50 to $13.50 and gave the company a “buy” rating in a report on Friday, May 11th.

Shares of Primus Telecom traded down $0.09, hitting $6.13, during trading on Monday, Marketbeat reports. The company’s stock had a trading volume of 265,713 shares, compared to its average volume of 455,287. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 5.19. Primus Telecom has a 52 week low of $4.30 and a 52 week high of $7.79. The firm has a market cap of $273.18 million, a PE ratio of -6.19 and a beta of 0.80.

Primus Telecom (NYSE:HCHC) last posted its quarterly earnings data on Wednesday, March 14th. The technology company reported ($0.13) earnings per share for the quarter. The firm had revenue of $458.50 million during the quarter, compared to analysts’ expectations of $432.20 million. Primus Telecom had a negative return on equity of 51.57% and a negative net margin of 3.97%. research analysts expect that Primus Telecom will post -1.8 earnings per share for the current year.

In related news, Director Wayne Barr, Jr. bought 200,000 shares of the company’s stock in a transaction on Friday, March 16th. The shares were acquired at an average cost of $5.35 per share, for a total transaction of $1,070,000.00. Following the purchase, the director now directly owns 46,596 shares of the company’s stock, valued at $249,288.60. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 16.00% of the stock is owned by corporate insiders.

About Primus Telecom

HC2 Holdings, Inc engages in the construction, marine services, energy, telecommunications, insurance, life sciences, and other businesses in the United States, the United Kingdom, and internationally. The company fabricates and erects structural steel for commercial and industrial construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, and power plants.

Insider Buying and Selling by Quarter for Primus Telecom (NYSE:HCHC)

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