Hellenic Telecom Organization (OTCMKTS:HLTOY) Reaches New 52-Week High – Time to Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $10.5950 and last traded at $10.5950, with a volume of 900 shares changing hands. The stock had previously closed at $10.2760.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Friday, January 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Hellenic Telecom Organization has an average rating of “Buy”.

Hellenic Telecom Organization Trading Up 0.2%

The stock has a market capitalization of $8.73 billion, a P/E ratio of 15.19 and a beta of 0.15. The business has a 50 day simple moving average of $9.95 and a 200-day simple moving average of $9.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.64 and a current ratio of 0.65.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last posted its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.11. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $853.33 million. Hellenic Telecom Organization had a return on equity of 30.71% and a net margin of 13.97%.

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.