Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Large Volume Increase – Time to Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) shares saw unusually-strong trading volume on Tuesday . Approximately 18,438 shares were traded during trading, an increase of 291% from the previous session’s volume of 4,712 shares.The stock last traded at $9.85 and had previously closed at $9.76.

Hellenic Telecom Organization Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59. The stock has a fifty day simple moving average of $9.72 and a two-hundred day simple moving average of $9.55. The stock has a market cap of $8.09 billion, a PE ratio of 15.63 and a beta of 0.14.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last posted its earnings results on Thursday, November 13th. The utilities provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $910.48 million. Hellenic Telecom Organization had a net margin of 15.62% and a return on equity of 26.32%.

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.