Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Unusually-High Trading Volume – Here’s Why

Hellenic Telecom Organization SA (OTCMKTS:HLTOYGet Free Report) shares saw an uptick in trading volume on Thursday . 20,902 shares changed hands during trading, an increase of 121% from the previous session’s volume of 9,438 shares.The stock last traded at $10.6530 and had previously closed at $10.6555.

Analyst Ratings Changes

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Get Our Latest Research Report on Hellenic Telecom Organization

Hellenic Telecom Organization Trading Down 0.7%

The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 14.93 and a beta of 0.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.73 and a quick ratio of 0.64. The business’s 50-day simple moving average is $10.58 and its two-hundred day simple moving average is $10.13.

Hellenic Telecom Organization (OTCMKTS:HLTOYGet Free Report) last announced its quarterly earnings results on Friday, May 8th. The utilities provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $982.60 million. Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 29.97%.

About Hellenic Telecom Organization

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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.

Further Reading

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