Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Sees Significant Decline in Short Interest

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 357 shares, a drop of 97.1% from the September 30th total of 12,380 shares. Based on an average daily volume of 7,440 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. New Street Research downgraded Hellenic Telecom Organization to a “neutral” rating in a research note on Wednesday, July 29th. Barclays cut Hellenic Telecom Organization to an “underweight” rating in a research note on Tuesday, October 20th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Wednesday, September 16th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Hellenic Telecom Organization currently has an average rating of “Hold”.

Hellenic Telecom Organization Price Performance

Shares of OTCMKTS HLTOY traded down $0.01 during mid-day trading on Monday, reaching $10.69. 5,773 shares of the company were exchanged, compared to its average volume of 8,068. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $8.78 billion, a PE ratio of 13.20 and a beta of 0.18. The company’s 50 day moving average price is $11.20 and its 200 day moving average price is $11.06. Hellenic Telecom Organization has a 52 week low of $9.30 and a 52 week high of $11.90.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $994.90 million for the quarter, compared to analysts’ expectations of $996.34 million. Hellenic Telecom Organization had a net margin of 15.83% and a return on equity of 30.19%.

About Hellenic Telecom Organization

Hellenic Telecommunications Organization SA (OTE) is a Greece-based telecommunications provider that operates primarily under the COSMOTE brand. The company offers fixed-line and mobile voice services, broadband and fiber-optic internet access, pay television, and related digital communications services to residential and business customers.

OTE also provides information and communications technology services for corporate and public-sector clients, including connectivity, data services, cloud solutions, cybersecurity, and other managed technology services.