Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Releases Quarterly Earnings Results

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) announced its quarterly earnings results on Wednesday. The utilities provider reported $0.21 earnings per share for the quarter, Zacks reports. The firm had revenue of $783.47 million during the quarter. Magyar Telekom Tavkozlesi Nyrt had a return on equity of 23.30% and a net margin of 21.75%.

Magyar Telekom Tavkozlesi Nyrt Price Performance

Shares of OTCMKTS:MYTAY remained flat at $29.53 during trading on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.45 and a current ratio of 1.57. Magyar Telekom Tavkozlesi Nyrt has a twelve month low of $17.08 and a twelve month high of $29.60. The business’s fifty day simple moving average is $29.53 and its two-hundred day simple moving average is $29.52.

Wall Street Analyst Weigh In

Separately, Oddo Bhf upgraded Magyar Telekom Tavkozlesi Nyrt from a “neutral” rating to an “outperform” rating in a report on Monday, June 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Magyar Telekom Tavkozlesi Nyrt presently has an average rating of “Buy”.

Magyar Telekom Tavkozlesi Nyrt Company Profile

Magyar Telekom Távközlési Nyrt. is Hungary’s leading integrated telecommunications service provider and a member of the Deutsche Telekom Group. The company offers a full suite of fixed-line and mobile voice communication services alongside broadband internet access and digital television solutions. Through its extensive network infrastructure, Magyar Telekom delivers reliable connectivity to both residential and corporate customers across Hungary.

In the mobile segment, Magyar Telekom provides services under the T-Mobile brand, covering voice, data and messaging services supported by 4G LTE and an expanding 5G network.