Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Releases Earnings Results

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) issued its quarterly earnings results on Wednesday. The utilities provider reported $0.21 EPS for the quarter, Zacks reports. Magyar Telekom Tavkozlesi Nyrt had a net margin of 21.73% and a return on equity of 23.44%.

Magyar Telekom Tavkozlesi Nyrt Stock Performance

Shares of OTCMKTS MYTAY remained flat at $29.53 during midday trading on Wednesday. Magyar Telekom Tavkozlesi Nyrt has a 52 week low of $17.08 and a 52 week high of $29.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.45 and a current ratio of 1.57. The business’s 50-day simple moving average is $29.53 and its 200-day simple moving average is $29.50.

Analyst Upgrades and Downgrades

Separately, Oddo Bhf upgraded Magyar Telekom Tavkozlesi Nyrt from a “neutral” rating to an “outperform” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

About Magyar Telekom Tavkozlesi Nyrt

Magyar Telekom Távközlési Nyrt. is Hungary’s leading integrated telecommunications service provider and a member of the Deutsche Telekom Group. The company offers a full suite of fixed-line and mobile voice communication services alongside broadband internet access and digital television solutions. Through its extensive network infrastructure, Magyar Telekom delivers reliable connectivity to both residential and corporate customers across Hungary.

In the mobile segment, Magyar Telekom provides services under the T-Mobile brand, covering voice, data and messaging services supported by 4G LTE and an expanding 5G network.