Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Announces Quarterly Earnings Results

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) announced its earnings results on Wednesday. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $777.35 million for the quarter. Magyar Telekom Tavkozlesi Nyrt had a net margin of 21.10% and a return on equity of 23.72%.

Magyar Telekom Tavkozlesi Nyrt Price Performance

MYTAY stock opened at $29.53 on Friday. The firm has a 50 day moving average of $28.65 and a 200-day moving average of $27.76. Magyar Telekom Tavkozlesi Nyrt has a 12 month low of $17.08 and a 12 month high of $29.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.36 and a current ratio of 1.45.

Analyst Ratings Changes

Separately, Oddo Bhf downgraded Magyar Telekom Tavkozlesi Nyrt to a “neutral” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About Magyar Telekom Tavkozlesi Nyrt

Magyar Telekom Távközlési Nyrt. is Hungary’s leading integrated telecommunications service provider and a member of the Deutsche Telekom Group. The company offers a full suite of fixed-line and mobile voice communication services alongside broadband internet access and digital television solutions. Through its extensive network infrastructure, Magyar Telekom delivers reliable connectivity to both residential and corporate customers across Hungary.

In the mobile segment, Magyar Telekom provides services under the T-Mobile brand, covering voice, data and messaging services supported by 4G LTE and an expanding 5G network.