Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Cross Below 200 Day Moving Average – Should You Sell?

Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOY) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $10.69 and traded as low as $10.53. Hellenic Telecom Organization shares last traded at $10.61, with a volume of 9,474 shares changing hands.

Analysts Set New Price Targets

HLTOY has been the subject of several analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Wednesday, September 16th. Barclays lowered Hellenic Telecom Organization to an “underweight” rating in a research note on Tuesday, October 20th. Finally, New Street Research cut shares of Hellenic Telecom Organization to a “neutral” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Hellenic Telecom Organization has a consensus rating of “Hold”.

Hellenic Telecom Organization Stock Down 1.5%

The firm’s 50-day moving average price is $11.12 and its 200 day moving average price is $10.69. The firm has a market cap of $8.51 billion, a P/E ratio of 11.56 and a beta of 0.18. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.18.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business 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 30.19% and a net margin of 15.83%.

About Hellenic Telecom Organization

Hellenic Telecommunications Organization SA (OTE) is a Greece-based telecommunications provider that operates primarily under the COSMOTE brand. The company offers fixed-line and mobile voice services, broadband and fiber-optic internet access, pay television, and related digital communications services to residential and business customers.

OTE also provides information and communications technology services for corporate and public-sector clients, including connectivity, data services, cloud solutions, cybersecurity, and other managed technology services.