Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Large Volume Increase – What’s Next?

Hellenic Telecom Organization SA (OTCMKTS:HLTOYGet Free Report) shares saw strong trading volume on Monday . 4,604 shares were traded during mid-day trading, a decline of 29% from the previous session’s volume of 6,449 shares.The stock last traded at $10.70 and had previously closed at $10.6950.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on HLTOY

Hellenic Telecom Organization Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.64 and a current ratio of 0.65. The firm’s 50 day moving average is $10.11 and its 200-day moving average is $9.90. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 15.20 and a beta of 0.22.

Hellenic Telecom Organization (OTCMKTS:HLTOYGet Free Report) last posted its earnings results on Thursday, February 26th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.11. Hellenic Telecom Organization had a net margin of 13.97% and a return on equity of 30.71%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $853.33 million.

About Hellenic Telecom Organization

(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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