Hellenic Telecom Organization (OTCMKTS:HLTOY) Posts Earnings Results, Misses Estimates By $0.02 EPS

Hellenic Telecom Organization (OTCMKTS:HLTOY) posted its quarterly earnings data on Wednesday. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02), Zacks reports. Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 29.97%.

Hellenic Telecom Organization Trading Down 0.2%

HLTOY stock traded down $0.02 during mid-day trading on Wednesday, hitting $11.36. 498 shares of the company were exchanged, compared to its average volume of 9,637. The business has a fifty day simple moving average of $11.02 and a 200-day simple moving average of $10.43. The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 0.16. Hellenic Telecom Organization has a 12-month low of $8.85 and a 12-month high of $11.74. The firm has a market capitalization of $9.33 billion, a P/E ratio of 16.00 and a beta of 0.21.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Tuesday, May 12th. New Street Research lowered Hellenic Telecom Organization to a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Hellenic Telecom Organization Company Profile

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.