Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw unusually-high trading volume on Tuesday . Approximately 18,757 shares traded hands during mid-day trading, an increase of 142% from the previous session’s volume of 7,752 shares.The stock last traded at $10.7675 and had previously closed at $11.01.

Wall Street Analyst Weigh In

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

Hellenic Telecom Organization Stock Performance

The stock has a 50-day moving average price of $10.46 and a 200 day moving average price of $10.09. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.65 and a quick ratio of 0.64. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 15.37 and a beta of 0.22.

Hellenic Telecom Organization (OTCMKTS:HLTOY) 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 company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $982.60 million. Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 30.98%.

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.