Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Unusually-High Trading Volume – Still a Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOYGet Free Report) saw unusually-strong trading volume on Monday . Approximately 10,360 shares traded hands during mid-day trading, an increase of 46% from the previous session’s volume of 7,111 shares.The stock last traded at $11.0043 and had previously closed at $10.93.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Read Our Latest Stock Report on HLTOY

Hellenic Telecom Organization Price Performance

The company’s 50 day moving average price is $10.25 and its 200-day moving average price is $10.00. The company has a market capitalization of $9.00 billion, a PE ratio of 15.43 and a beta of 0.22. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.17.

Hellenic Telecom Organization (OTCMKTS:HLTOYGet Free Report) last released its quarterly earnings data on Friday, May 8th. The utilities provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $982.60 million. Hellenic Telecom Organization had a return on equity of 30.98% and a net margin of 13.81%.

Hellenic Telecom Organization Company Profile

(Get Free Report)

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.

Further Reading

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