Hellenic Telecom Organization (OTCMKTS:HLTOY) Stock Price Down 1.1% – Should You Sell?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) traded down 1.1% during mid-day trading on Monday . The stock traded as low as $9.76 and last traded at $9.76. 1,685 shares were traded during trading, an increase of 2% from the average session volume of 1,650 shares. The stock had previously closed at $9.8715.

Hellenic Telecom Organization Stock Performance

The firm’s fifty day simple moving average is $9.72 and its 200 day simple moving average is $9.55. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 15.49 and a beta of 0.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.57.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last released its quarterly earnings results on Thursday, November 13th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates 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.