Hellenic Telecom Organization (HLTOY) Projected to Release Quarterly Earnings on Wednesday

Hellenic Telecom Organization (OTCMKTS:HLTOY) is expected to announce its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $0.2296 per share and revenue of $1.0040 billion for the quarter.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last announced its quarterly earnings data 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 net margin of 13.81% and a return on equity of 29.97%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $982.60 million.

Hellenic Telecom Organization Price Performance

OTCMKTS HLTOY opened at $11.37 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.73 and a quick ratio of 0.71. The stock’s fifty day moving average price is $11.01 and its 200 day moving average price is $10.41. Hellenic Telecom Organization has a 1 year low of $8.85 and a 1 year high of $11.74. The company has a market cap of $9.34 billion, a price-to-earnings ratio of 16.01 and a beta of 0.21.

Analyst Upgrades and Downgrades

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

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.