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

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) announced its quarterly earnings data on Wednesday. The utilities provider reported $1.01 earnings per share for the quarter, Zacks reports. The business had revenue of $725.35 million during the quarter. Magyar Telekom Tavkozlesi Nyrt had a return on equity of 23.37% and a net margin of 21.10%.

Magyar Telekom Tavkozlesi Nyrt Price Performance

Shares of MYTAY stock remained flat at $29.53 during trading on Thursday. Magyar Telekom Tavkozlesi Nyrt has a one year low of $17.08 and a one year high of $29.60. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.23. The company’s 50 day simple moving average is $29.53 and its 200 day simple moving average is $28.42.

Analyst Ratings Changes

Separately, Oddo Bhf cut shares of Magyar Telekom Tavkozlesi Nyrt to a “neutral” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

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.