Hellenic Telecom Organization (OTCMKTS:HLTOY) Hits New 1-Year High – Should You Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) reached a new 52-week high on Wednesday . The stock traded as high as $11.80 and last traded at $11.47, with a volume of 4793 shares changing hands. The stock had previously closed at $11.4760.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HLTOY. New Street Research lowered Hellenic Telecom Organization to a “neutral” rating in a report on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Hellenic Telecom Organization Trading Down 1.3%

The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 0.16. The firm has a market cap of $9.32 billion, a P/E ratio of 14.01 and a beta of 0.19. The company’s 50 day simple moving average is $11.11 and its 200-day simple moving average is $10.51.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last released its earnings results on Wednesday, July 29th. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Hellenic Telecom Organization had a net margin of 15.83% and a return on equity of 29.70%. The business had revenue of $994.90 million for the quarter, compared to the consensus estimate of $996.34 million.

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.