Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Strong Trading Volume – Here’s Why

Hellenic Telecom Organization SA (OTCMKTS:HLTOYGet Free Report) shares saw strong trading volume on Monday . 10,360 shares changed hands during trading, an increase of 46% from the previous session’s volume of 7,111 shares.The stock last traded at $11.0043 and had previously closed at $10.93.

Analyst Ratings Changes

Separately, Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Check Out Our Latest Stock Report on HLTOY

Hellenic Telecom Organization Trading Up 0.2%

The business’s 50-day moving average price is $10.25 and its two-hundred day moving average price is $10.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.65 and a quick ratio of 0.64. The firm has a market cap of $9.00 billion, a price-to-earnings ratio of 15.43 and a beta of 0.22.

Hellenic Telecom Organization (OTCMKTS:HLTOYGet Free Report) last released its earnings results on Friday, May 8th. The utilities provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $982.60 million. Hellenic Telecom Organization had a return on equity of 30.98% and a net margin of 13.81%.

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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