Hellenic Telecom Organization (OTCMKTS:HLTOY – Get Free Report) issued its earnings results on Thursday. The utilities provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.11, Zacks reports. Hellenic Telecom Organization had a return on equity of 26.32% and a net margin of 15.62%.
Hellenic Telecom Organization Stock Performance
OTCMKTS:HLTOY traded down $0.16 during trading hours on Thursday, reaching $10.34. 896 shares of the company’s stock were exchanged, compared to its average volume of 5,489. Hellenic Telecom Organization has a 1-year low of $7.39 and a 1-year high of $10.55. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 16.41 and a beta of 0.12. The company has a 50-day moving average of $9.87 and a 200 day moving average of $9.71.
Analysts Set New Price Targets
Separately, Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus 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.
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