Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Gap Up – Time to Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY – Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $10.46, but opened at $10.8050. Hellenic Telecom Organization shares last traded at $10.8730, with a volume of 437 shares trading hands.

Wall Street Analyst Weigh In

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

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Hellenic Telecom Organization Stock Performance

The company has a market cap of $9.11 billion, a price-to-earnings ratio of 15.63 and a beta of 0.21. The stock’s fifty day simple moving average is $10.68 and its two-hundred day simple moving average is $10.16. 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 announced its quarterly earnings results on Friday, May 8th. The utilities provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $982.60 million.

About Hellenic Telecom Organization

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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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