Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Gap Down – Time to Sell?

Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOY) gapped down prior to trading on Tuesday. The stock had previously closed at $11.30, but opened at $10.70. Hellenic Telecom Organization shares last traded at $10.70, with a volume of 868 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HLTOY shares. New Street Research lowered shares of Hellenic Telecom Organization to a “neutral” rating in a report on Wednesday, July 29th. Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Hellenic Telecom Organization Stock Up 0.7%

The company has a market capitalization of $9.02 billion, a P/E ratio of 13.56 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. The firm has a fifty day simple moving average of $11.43 and a 200-day simple moving average of $10.94.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last posted its earnings results 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). Hellenic Telecom Organization had a return on equity of 30.19% and a net margin of 15.83%.The business had revenue of $994.90 million for the quarter, compared to the consensus estimate of $996.34 million.

Hellenic Telecom Organization Company Profile

Hellenic Telecom Organization SA (OTE) is a telecommunications company based in Greece and the parent of the OTE Group. It provides fixed-line and mobile communications, broadband internet, digital television and other connectivity services to consumers and businesses.

Through its operations in Greece and Romania, OTE offers voice and data services, fiber and other broadband connections, mobile networks, pay-TV services and related digital products. The group also serves enterprise and public-sector customers with information technology, cloud, data center, cybersecurity and communications solutions.

Founded in 1949, OTE was historically Greece’s state telecommunications provider and has since evolved into a broad-based integrated communications group.