Hellenic Telecom Organization (OTCMKTS:HLTOY) Hits New 12-Month High – Here’s What Happened

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $10.27 and last traded at $10.27, with a volume of 36057 shares traded. The stock had previously closed at $9.8948.

Analyst Ratings Changes

Separately, Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Friday, January 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Hellenic Telecom Organization has a consensus rating of “Buy”.

Hellenic Telecom Organization Stock Up 3.7%

The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $9.85 and a 200 day simple moving average of $9.70. The firm has a market capitalization of $8.43 billion, a P/E ratio of 16.29 and a beta of 0.12.

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.