Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Posts Earnings Results

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) posted its earnings results on Wednesday. The utilities provider reported $1.01 earnings per share for the quarter, Zacks reports. Magyar Telekom Tavkozlesi Nyrt had a net margin of 21.10% and a return on equity of 23.37%.

Magyar Telekom Tavkozlesi Nyrt Price Performance

Shares of MYTAY stock remained flat at $29.53 on Wednesday. The stock’s 50-day moving average price is $29.53 and its 200-day moving average price is $28.40. Magyar Telekom Tavkozlesi Nyrt has a fifty-two week low of $17.08 and a fifty-two week high of $29.60. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.23.

Analysts Set New Price Targets

Separately, Oddo Bhf cut Magyar Telekom Tavkozlesi Nyrt to a “neutral” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Magyar Telekom Tavkozlesi Nyrt presently has an average rating of “Hold”.

Magyar Telekom Tavkozlesi Nyrt Company Profile

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.