Hellenic Telecom Organization (OTCMKTS:HLTOY) Sets New 1-Year High – Here’s Why

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $11.87 and last traded at $11.87, with a volume of 3314 shares trading hands. The stock had previously closed at $11.43.

Analyst Ratings Changes

Several research firms have issued reports on HLTOY. New Street Research downgraded Hellenic Telecom Organization to a “neutral” rating in a research note on Wednesday, July 29th. 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 and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Hellenic Telecom Organization Price Performance

The company’s 50-day moving average price is $11.24 and its two-hundred day moving average price is $10.61. 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 company has a market capitalization of $9.57 billion, a P/E ratio of 14.39 and a beta of 0.19.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $994.90 million during the quarter, compared to the consensus estimate of $996.34 million. Hellenic Telecom Organization had a net margin of 15.83% and a return on equity of 29.70%.

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.