Hellenic Telecom Organization (OTCMKTS:HLTOY) Sets New 1-Year High – Should You Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $11.07 and last traded at $11.0650, with a volume of 9349 shares changing hands. The stock had previously closed at $10.77.

Analyst Ratings Changes

Separately, Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Hellenic Telecom Organization presently has an average rating of “Buy”.

Hellenic Telecom Organization Stock Performance

The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 0.16. The business has a 50 day simple moving average of $10.64 and a two-hundred day simple moving average of $10.15. The firm has a market cap of $9.07 billion, a PE ratio of 15.55 and a beta of 0.21.

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

Hellenic Telecom Organization Company Profile

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.