Hellenic Telecom Organization SA (OTCMKTS:HLTOY – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $9.52, but opened at $10.04. Hellenic Telecom Organization shares last traded at $10.04, with a volume of 200 shares.
Analysts Set New Price Targets
Separately, Morgan Stanley reiterated an “overweight” rating on shares of Hellenic Telecom Organization in a report on Friday, January 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Hellenic Telecom Organization presently has an average rating of “Buy”.
Check Out Our Latest Research Report on Hellenic Telecom Organization
Hellenic Telecom Organization Trading Up 2.9%
Hellenic Telecom Organization (OTCMKTS:HLTOY – Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.11. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $853.33 million. Hellenic Telecom Organization had a net margin of 13.97% and a return on equity of 31.25%.
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.
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