Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Large Volume Increase – Should You Buy?

Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw an uptick in trading volume on Wednesday. 470,653 shares changed hands during trading, an increase of 5,673% from the average daily volume of 8,153 shares. The stock last traded at $10.44 and had previously closed at $10.45.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HLTOY. New Street Research cut Hellenic Telecom Organization to a “neutral” rating in a report on Wednesday, July 29th. Barclays downgraded Hellenic Telecom Organization to an “underweight” rating in a research report on Tuesday, October 20th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hellenic Telecom Organization Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.67 and a current ratio of 0.68. The firm has a market capitalization of $8.64 billion, a P/E ratio of 15.25 and a beta of 0.22. The stock’s 50 day simple moving average is $10.95 and its 200 day simple moving average is $10.72.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last issued its earnings results on Friday, October 30th. The utilities provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Hellenic Telecom Organization had a net margin of 13.52% and a return on equity of 30.55%. The business had revenue of $985.36 million for the quarter, compared to analyst estimates of $971.11 million.

Hellenic Telecom Organization Company Profile

Hellenic Telecommunications Organization (OTE) is a telecommunications provider headquartered in Athens, Greece. Founded in 1949, the company developed from Greece’s state telephone organization into a provider of a broad range of communications and technology services. Through its COSMOTE brand, OTE offers mobile and fixed-line telephone services, broadband internet, and pay television. The company also provides information and communications technology solutions for businesses and public-sector organizations, along with wholesale telecommunications services.