Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Gap Down – Here’s What Happened

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) gapped down before the market opened on Tuesday. The stock had previously closed at $11.30, but opened at $10.70. Hellenic Telecom Organization shares last traded at $10.70, with a volume of 868 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HLTOY shares. New Street Research downgraded shares of Hellenic Telecom Organization to a “neutral” rating in a research report on Wednesday, July 29th. Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating and one has assigned 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 cap of $8.95 billion, a P/E ratio of 13.46 and a beta of 0.18. The business’s fifty day simple moving average is $11.44 and its 200-day simple moving average is $10.93. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.18.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). Hellenic Telecom Organization had a net margin of 15.83% and a return on equity of 30.19%. The company had revenue of $994.90 million during the quarter, compared to analysts’ expectations of $996.34 million.

Hellenic Telecom Organization Company Profile

Hellenic Telecommunications Organization SA, commonly known as OTE, is a Greece-based telecommunications and technology company. Through its COSMOTE brand, the company provides fixed-line and mobile communications, broadband internet, fiber-optic connectivity, and related digital services to consumers and businesses.

OTE also offers pay television and entertainment services, information and communications technology solutions, cloud and data-center services, cybersecurity, and other managed digital solutions.