Hellenic Telecom Organization (HLTOY) to Release Quarterly Earnings on Thursday

Hellenic Telecom Organization (OTCMKTS:HLTOY) is projected to release its results before the market opens on Thursday, February 26th. Analysts expect Hellenic Telecom Organization to post earnings of $0.1231 per share and revenue of $853.3330 million for the quarter.

Hellenic Telecom Organization Stock Down 1.2%

Hellenic Telecom Organization stock traded down $0.12 during midday trading on Friday, hitting $9.93. 448 shares of the company’s stock were exchanged, compared to its average volume of 6,159. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59. The company has a market cap of $8.15 billion, a PE ratio of 15.75 and a beta of 0.12. The firm has a 50-day moving average of $9.85 and a two-hundred day moving average of $9.69. Hellenic Telecom Organization has a 12 month low of $7.39 and a 12 month high of $10.25.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Friday, January 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Hellenic Telecom Organization Company Profile

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.