Hellenic Telecom Organization (OTCMKTS:HLTOY) Reaches New 12-Month High – What’s Next?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $11.07 and last traded at $11.03, with a volume of 25795 shares. The stock had previously closed at $10.93.

Analyst Ratings Changes

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

Hellenic Telecom Organization Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.64 and a current ratio of 0.65. The firm has a market cap of $9.06 billion, a P/E ratio of 15.54 and a beta of 0.22. The company has a 50-day moving average of $10.28 and a 200 day moving average of $10.01.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last posted its earnings results on Friday, May 8th. The utilities provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $982.60 million. Hellenic Telecom Organization had a return on equity of 30.98% and a net margin of 13.81%.

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.