Hellenic Telecom Organization (OTCMKTS:HLTOY – Get Free Report) issued its quarterly earnings data on Friday. The utilities provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01), Zacks reports. Hellenic Telecom Organization had a return on equity of 30.71% and a net margin of 13.97%.The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $982.60 million.
Hellenic Telecom Organization Stock Performance
HLTOY opened at $10.81 on Friday. The firm has a market capitalization of $8.88 billion, a P/E ratio of 15.23 and a beta of 0.22. The stock’s 50 day moving average price is $10.16 and its two-hundred day moving average price is $9.93. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.17. Hellenic Telecom Organization has a 12-month low of $8.65 and a 12-month high of $11.01.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley reiterated an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Friday, January 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.
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.
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