Hellenic Telecom Organization (OTCMKTS:HLTOY) Reaches New 52-Week High – Here’s Why

Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOY) hit a new 52-week high during trading on Wednesday . The company traded as high as $11.66 and last traded at $11.42, with a volume of 23596 shares trading hands. The stock had previously closed at $11.49.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Hellenic Telecom Organization in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Hellenic Telecom Organization has a consensus rating of “Buy”.

Hellenic Telecom Organization Stock Down 0.6%

The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 16.08 and a beta of 0.21. 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 firm has a 50 day moving average price of $10.75 and a two-hundred day moving average price of $10.19.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last issued its quarterly earnings results on Friday, May 8th. The utilities provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 29.97%. 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.