Hellenic Telecom Organization (OTCMKTS:HLTOY) Sets New 52-Week High – Should You Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $11.74 and last traded at $11.74, with a volume of 380 shares trading hands. The stock had previously closed at $11.43.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Hellenic Telecom Organization currently has a consensus rating of “Buy”.

Hellenic Telecom Organization Stock Up 2.8%

The business’s 50 day simple moving average is $10.96 and its 200 day simple moving average is $10.35. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $9.45 billion, a PE ratio of 16.20 and a beta of 0.21.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last announced its earnings results on Friday, May 8th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 29.97%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $982.60 million.

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.