Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Issues Quarterly Earnings Results

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) posted its quarterly earnings results on Wednesday. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, Zacks reports. Magyar Telekom Tavkozlesi Nyrt had a return on equity of 23.37% and a net margin of 21.10%.

Magyar Telekom Tavkozlesi Nyrt Price Performance

Shares of OTCMKTS:MYTAY remained flat at $29.53 during trading on Wednesday. Magyar Telekom Tavkozlesi Nyrt has a one year low of $17.08 and a one year high of $29.60. The company has a 50-day simple moving average of $29.53 and a 200-day simple moving average of $28.40. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

Separately, Oddo Bhf downgraded shares of Magyar Telekom Tavkozlesi Nyrt to a “neutral” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Magyar Telekom Tavkozlesi Nyrt currently has an average rating of “Hold”.

Magyar Telekom Tavkozlesi Nyrt Company Profile

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.