Hellenic Telecom Organization (OTCMKTS:HLTOY) Hits New 52-Week High – Still a Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) shares reached a new 52-week high on Tuesday . The company traded as high as $10.71 and last traded at $10.71, with a volume of 612 shares trading hands. The stock had previously closed at $10.50.

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 analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Hellenic Telecom Organization Stock Performance

The firm has a market cap of $8.71 billion, a PE ratio of 15.16 and a beta of 0.15. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.17. The firm’s 50 day simple moving average is $10.04 and its 200 day simple moving average is $9.84.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last announced its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.12 by $0.11. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $853.33 million. Hellenic Telecom Organization had a net margin of 13.97% and a return on equity of 30.71%.

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.