Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOY – Get Free Report) saw unusually-high trading volume on Monday . Approximately 12,224 shares were traded during mid-day trading, an increase of 25% from the previous session’s volume of 9,755 shares.The stock last traded at $11.06 and had previously closed at $11.1478.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley reissued 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 has an average rating of “Buy”.
Read Our Latest Stock Analysis on Hellenic Telecom Organization
Hellenic Telecom Organization Stock Down 0.1%
Hellenic Telecom Organization (OTCMKTS:HLTOY – Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The utilities provider reported $0.22 EPS 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 firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $982.60 million.
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.
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