Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Strong Trading Volume – Still a Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw an uptick in trading volume on Monday . 12,224 shares were traded during mid-day trading, an increase of 25% from the previous session’s volume of 9,755 shares.The stock last traded at $11.06 and had previously closed at $11.1478.

Analyst Upgrades and Downgrades

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

Hellenic Telecom Organization Trading Down 4.0%

The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 0.16. The firm has a market cap of $9.00 billion, a PE ratio of 15.44 and a beta of 0.21. The company’s 50-day moving average is $10.75 and its 200 day moving average is $10.19.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last issued its quarterly 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). Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 29.97%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $982.60 million.

About Hellenic Telecom Organization

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.