Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Sees Large Increase in Short Interest

Hellenic Telecom Organization SA (OTCMKTS:HLTOY – Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 63,476 shares, a growth of 403.0% from the April 30th total of 12,619 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 21,784 shares, the days-to-cover ratio is currently 2.9 days.

Hellenic Telecom Organization Stock Down 0.2%

OTCMKTS HLTOY traded down $0.02 during trading on Thursday, hitting $10.83. The company’s stock had a trading volume of 82,337 shares, compared to its average volume of 8,934. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.65 and a quick ratio of 0.64. The company has a market cap of $8.89 billion, a PE ratio of 15.25 and a beta of 0.22. The business’s 50 day simple moving average is $10.44 and its 200-day simple moving average is $10.08. Hellenic Telecom Organization has a fifty-two week low of $8.65 and a fifty-two week high of $11.07.

Get Hellenic Telecom Organization alerts:

Hellenic Telecom Organization (OTCMKTS:HLTOY – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The utilities provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $982.60 million. Hellenic Telecom Organization had a return on equity of 30.98% and a net margin of 13.81%.

Analysts Set New Price Targets

Separately, Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Hellenic Telecom Organization has a consensus rating of “Buy”.

View Our Latest Stock Report on Hellenic Telecom Organization

Hellenic Telecom Organization Company Profile

(Get Free Report)

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.

See Also

• Five stocks we like better than Hellenic Telecom Organization
• 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
• Snowflake and the Snowballing Impact of its AI Flywheel
• AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
• These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying

Receive News & Ratings for Hellenic Telecom Organization Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hellenic Telecom Organization and related companies with MarketBeat.com's FREE daily email newsletter.