Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Strong Trading Volume – Here’s What Happened

Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw strong trading volume on Thursday . Approximately 26,257 shares were traded during mid-day trading, an increase of 190% from the previous session’s volume of 9,043 shares.The stock last traded at $11.55 and had previously closed at $11.43.

Analyst Upgrades and Downgrades

HLTOY has been the topic of a number of research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Tuesday, May 12th. New Street Research downgraded shares of Hellenic Telecom Organization to a “neutral” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Hellenic Telecom Organization has a consensus rating of “Moderate Buy”.

Hellenic Telecom Organization Stock Performance

The business has a fifty day simple moving average of $11.28 and a two-hundred day simple moving average of $10.64. The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 0.16. The company has a market cap of $9.59 billion, a P/E ratio of 14.42 and a beta of 0.19.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Hellenic Telecom Organization had a net margin of 15.83% and a return on equity of 29.70%. The firm had revenue of $994.90 million for the quarter, compared to the consensus estimate of $996.34 million.

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.