Hellenic Telecom Organization (OTCMKTS:HLTOY) Sets New 1-Year High – Should You Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $11.07 and last traded at $11.0650, with a volume of 9349 shares. The stock had previously closed at $10.77.

Analyst Upgrades and Downgrades

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

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Hellenic Telecom Organization Stock Up 2.5%

The company has a fifty day moving average of $10.64 and a two-hundred day moving average of $10.15. The company has a market cap of $9.07 billion, a PE ratio of 15.55 and a beta of 0.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.71 and a current ratio of 0.73.

Hellenic Telecom Organization (OTCMKTS:HLTOY – Get Free Report) last released 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). Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 29.97%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $982.60 million.

Hellenic Telecom Organization Company Profile

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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.

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