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

Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOYGet Free Report) saw an uptick in trading volume on Monday . 12,224 shares traded hands during trading, an increase of 25% from the previous session’s volume of 9,755 shares.The stock last traded at $11.06 and had previously closed at $11.1478.

Analysts Set New Price Targets

Separately, Morgan Stanley restated 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, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Check Out Our Latest Report on Hellenic Telecom Organization

Hellenic Telecom Organization Stock Down 0.1%

The stock’s 50-day moving average is $10.70 and its 200-day moving average is $10.17. The stock has a market cap of $9.20 billion, a P/E ratio of 15.77 and a beta of 0.21. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 0.16.

Hellenic Telecom Organization (OTCMKTS:HLTOYGet Free Report) last announced its earnings results on Friday, May 8th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $982.60 million. Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 29.97%.

About Hellenic Telecom Organization

(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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