Hellenic Telecom Organization (OTCMKTS:HLTOY) Reaches New 52-Week High – Should You Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $11.80 and last traded at $11.47, with a volume of 4793 shares. The stock had previously closed at $11.4760.

Analyst Ratings Changes

A number of research firms have weighed in on HLTOY. New Street Research downgraded Hellenic Telecom Organization to a “neutral” rating in a report on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Hellenic Telecom Organization Stock Performance

The stock has a market cap of $9.42 billion, a P/E ratio of 14.16 and a beta of 0.19. 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 business has a 50 day moving average price of $11.09 and a two-hundred day moving average price of $10.48.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). Hellenic Telecom Organization had a net margin of 15.83% and a return on equity of 29.70%. 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 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.