Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Gap Down – Here’s What Happened

Hellenic Telecom Organization SA (OTCMKTS:HLTOY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $11.31, but opened at $10.95. Hellenic Telecom Organization shares last traded at $11.13, with a volume of 5,572 shares.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a report on Tuesday, May 12th. One 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 Stock Performance

The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average is $10.89 and its two-hundred day moving average is $10.27. The company has a market capitalization of $8.72 billion, a P/E ratio of 14.96 and a beta of 0.21.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last announced its earnings results on Friday, May 8th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 29.97%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $982.60 million.

About Hellenic Telecom Organization

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.