Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Posts Quarterly Earnings Results

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) released its quarterly earnings data on Wednesday. The utilities provider reported $0.21 earnings per share for the quarter, Zacks reports. Magyar Telekom Tavkozlesi Nyrt had a net margin of 21.73% and a return on equity of 23.44%. The company had revenue of $783.47 million during the quarter.

Magyar Telekom Tavkozlesi Nyrt Stock Performance

MYTAY stock remained flat at $29.53 on Thursday. The firm’s 50 day moving average price is $29.53 and its two-hundred day moving average price is $29.51. Magyar Telekom Tavkozlesi Nyrt has a twelve month low of $17.08 and a twelve month high of $29.60. The company has a quick ratio of 1.45, a current ratio of 1.57 and a debt-to-equity ratio of 0.09.

Analysts Set New Price Targets

Separately, Oddo Bhf upgraded shares of Magyar Telekom Tavkozlesi Nyrt from a “neutral” rating to an “outperform” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Magyar Telekom Tavkozlesi Nyrt currently has an average rating of “Buy”.

About Magyar Telekom Tavkozlesi Nyrt

Magyar Telekom Távközlési Nyrt. is Hungary’s leading integrated telecommunications service provider and a member of the Deutsche Telekom Group. The company offers a full suite of fixed-line and mobile voice communication services alongside broadband internet access and digital television solutions. Through its extensive network infrastructure, Magyar Telekom delivers reliable connectivity to both residential and corporate customers across Hungary.

In the mobile segment, Magyar Telekom provides services under the T-Mobile brand, covering voice, data and messaging services supported by 4G LTE and an expanding 5G network.