Hellenic Telecom Organization (OTCMKTS:HLTOY) Sets New 1-Year High – Here’s Why

Hellenic Telecom Organization SA (OTCMKTS:HLTOY)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $11.87 and last traded at $11.87, with a volume of 3314 shares. The stock had previously closed at $11.43.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. New Street Research cut Hellenic Telecom Organization to a “neutral” rating in a research report on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Hellenic Telecom Organization Stock Up 2.0%

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.73 and a quick ratio of 0.71. The stock has a 50 day simple moving average of $11.24 and a 200-day simple moving average of $10.61. The firm has a market cap of $9.57 billion, a PE ratio of 14.39 and a beta of 0.19.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $994.90 million during the quarter, compared to the consensus estimate of $996.34 million. Hellenic Telecom Organization had a return on equity of 29.70% and a net margin of 15.83%.

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.