Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Gap Down – What’s Next?

Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOY) gapped down before the market opened on Friday . The stock had previously closed at $9.79, but opened at $9.50. Hellenic Telecom Organization shares last traded at $9.4650, with a volume of 49,571 shares.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Friday, January 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Hellenic Telecom Organization currently has an average rating of “Buy”.

Hellenic Telecom Organization Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.57. The business’s fifty day moving average price is $9.89 and its 200-day moving average price is $9.62. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 15.02 and a beta of 0.12.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last released its quarterly earnings results on Thursday, November 13th. The utilities provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Hellenic Telecom Organization had a return on equity of 26.32% and a net margin of 15.62%.The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $910.48 million.

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.