Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Gap Down – Time to Sell?

Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOY) gapped down before the market opened on Thursday . The stock had previously closed at $10.87, but opened at $10.43. Hellenic Telecom Organization shares last traded at $10.73, with a volume of 1,638 shares.

Analyst Ratings Changes

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

Hellenic Telecom Organization Trading Down 1.0%

The firm has a 50 day simple moving average of $10.44 and a 200 day simple moving average of $10.08. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.64 and a current ratio of 0.65. The firm has a market cap of $8.82 billion, a P/E ratio of 15.13 and a beta of 0.22.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last issued its earnings results on Friday, May 8th. The utilities provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Hellenic Telecom Organization had a return on equity of 30.98% and a net margin of 13.81%.The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $982.60 million.

About Hellenic Telecom Organization

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.