Hellenic Telecom Organization (OTCMKTS:HLTOY) Sets New 12-Month High – Time to Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.25 and last traded at $10.25, with a volume of 1581 shares. The stock had previously closed at $10.1525.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Hellenic Telecom Organization has an average rating of “Buy”.

Check Out Our Latest Analysis on HLTOY

Hellenic Telecom Organization Stock Performance

The business has a 50-day moving average price of $9.85 and a 200-day moving average price of $9.68. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 16.27 and a beta of 0.12.

Hellenic Telecom Organization Company Profile

(Get Free Report)

Hellenic Telecommunications Organization SA (OTCMKTS: HLTOY), also known as OTE Group, is the primary provider of telecommunications and digital services in Greece. The company offers a comprehensive suite of solutions that includes fixed-line telephony, mobile communications under the COSMOTE brand, broadband internet access via fiber and ADSL networks, and pay-TV services through its COSMOTE TV platform. In addition, OTE Group delivers enterprise-focused ICT offerings such as cloud computing, data center operations, cybersecurity, managed network services and system integration.

Established in 1949 as Greece’s state telecommunications monopoly, OTE Group began a gradual privatization process in the late 1990s, which culminated in a majority stake acquisition by Deutsche Telekom.

Further Reading

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