Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Strong Trading Volume – What’s Next?

Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw an uptick in trading volume on Friday . 13,056 shares traded hands during mid-day trading, an increase of 566% from the previous session’s volume of 1,959 shares.The stock last traded at $9.50 and had previously closed at $9.6295.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Hellenic Telecom Organization has a consensus rating of “Buy”.

Hellenic Telecom Organization Trading Down 0.8%

The stock’s 50 day moving average is $9.92 and its 200-day moving average is $9.59. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The company has a market cap of $7.80 billion, a P/E ratio of 15.08 and a beta of 0.14.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last announced its quarterly earnings data on Thursday, November 13th. The utilities provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Hellenic Telecom Organization had a net margin of 15.62% and a return on equity of 26.32%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $910.48 million.

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.