Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Gap Down – Should You Sell?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $10.40, but opened at $9.71. Hellenic Telecom Organization shares last traded at $9.77, with a volume of 653 shares traded.

Analysts Set New Price Targets

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Friday, January 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Hellenic Telecom Organization presently has a consensus rating of “Buy”.

Hellenic Telecom Organization Trading Down 1.9%

The company has a market cap of $7.85 billion, a P/E ratio of 13.66 and a beta of 0.10. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $9.89 and a 200-day moving average price of $9.73.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last issued its earnings results on Thursday, February 26th. The utilities provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.11. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $853.33 million. Hellenic Telecom Organization had a net margin of 13.97% and a return on equity of 31.25%.

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.