Hellenic Telecom Organization (OTCMKTS:HLTOY) Issues Earnings Results

Hellenic Telecom Organization (OTCMKTS:HLTOY) announced its quarterly earnings data on Wednesday. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02), Zacks reports. Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 29.97%.

Hellenic Telecom Organization Price Performance

Shares of HLTOY stock remained flat at $11.38 during mid-day trading on Wednesday. The stock had a trading volume of 1,784 shares, compared to its average volume of 5,760. The stock has a market capitalization of $9.35 billion, a P/E ratio of 16.03 and a beta of 0.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.71 and a current ratio of 0.73. The business has a fifty day moving average price of $11.02 and a two-hundred day moving average price of $10.43. Hellenic Telecom Organization has a 12-month low of $8.85 and a 12-month high of $11.74.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HLTOY shares. Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Tuesday, May 12th. New Street Research lowered shares of Hellenic Telecom Organization to a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Hellenic Telecom Organization has an average rating of “Moderate Buy”.

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.