Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Large Volume Increase – Here’s Why

Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw unusually-high trading volume on Wednesday. Approximately 470,653 shares traded hands during trading, an increase of 5,673% from the average daily volume of 8,153 shares. The stock last traded at $10.44 and had previously closed at $10.45.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HLTOY. Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Wednesday, September 16th. New Street Research downgraded shares of Hellenic Telecom Organization to a “neutral” rating in a research report on Wednesday, July 29th. Finally, Barclays lowered shares of Hellenic Telecom Organization to an “underweight” rating in a research note on Tuesday, October 20th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hellenic Telecom Organization presently has an average rating of “Hold”.

Hellenic Telecom Organization Stock Performance

The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.18. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of 11.28 and a beta of 0.22. The stock has a fifty day moving average price of $10.91 and a 200 day moving average price of $10.73.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last posted its earnings results on Friday, October 30th. The utilities provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Hellenic Telecom Organization had a return on equity of 30.55% and a net margin of 13.52%. The firm had revenue of $985.36 million during the quarter, compared to analyst estimates of $971.11 million.

Hellenic Telecom Organization Company Profile

Hellenic Telecommunications Organization (OTE) is a telecommunications provider headquartered in Athens, Greece. Founded in 1949, the company developed from Greece’s state telephone organization into a provider of a broad range of communications and technology services. Through its COSMOTE brand, OTE offers mobile and fixed-line telephone services, broadband internet, and pay television. The company also provides information and communications technology solutions for businesses and public-sector organizations, along with wholesale telecommunications services.