Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Strong Trading Volume Following Strong Earnings

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw an uptick in trading volume on Friday following a better than expected earnings announcement. 7,001 shares changed hands during mid-day trading, an increase of 42% from the previous session’s volume of 4,920 shares.The stock last traded at $9.70 and had previously closed at $9.88.

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 12.39% and a return on equity of 26.09%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $910.48 million.

Hellenic Telecom Organization Price Performance

The company has a quick ratio of 0.75, a current ratio of 0.78 and a debt-to-equity ratio of 0.46. The firm has a market cap of $7.93 billion, a P/E ratio of 16.10 and a beta of 0.30. The business has a fifty day moving average of $9.54 and a 200 day moving average of $9.48.

Hellenic Telecom Organization Company Profile

Hellenic Telecommunications Organization SA provides telecommunications and related services to businesses and individuals primarily in Greece and Romania. It operates through OTE, COSMOTE Group, and Telekom Romania Mobile segments. The company offers fixed-line, Internet access, ICT, and TV production services; and international carrier services.