Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Large Volume Increase – Here’s What Happened

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw an uptick in trading volume on Thursday . Approximately 26,257 shares were traded during trading, an increase of 190% from the previous session’s volume of 9,043 shares.The stock last traded at $11.55 and had previously closed at $11.43.

Wall Street Analysts Forecast Growth

HLTOY has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed 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 research note on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Hellenic Telecom Organization Price Performance

The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 14.49 and a beta of 0.19. 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 stock’s fifty day moving average price is $11.26 and its two-hundred day moving average price is $10.62.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $994.90 million for the quarter, compared to analyst estimates of $996.34 million. Hellenic Telecom Organization had a return on equity of 29.70% and a net margin of 15.83%.

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.