Hellenic Telecom Organization SA (OTCMKTS:HLTOY – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $11.80 and last traded at $11.47, with a volume of 4793 shares trading hands. The stock had previously closed at $11.4760.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Tuesday, May 12th. New Street Research lowered Hellenic Telecom Organization to a “neutral” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Hellenic Telecom Organization presently has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on Hellenic Telecom Organization
Hellenic Telecom Organization Price Performance
Hellenic Telecom Organization (OTCMKTS:HLTOY – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Hellenic Telecom Organization had a return on equity of 29.70% and a net margin of 15.83%.The business had revenue of $994.90 million for the quarter, compared to the consensus estimate of $996.34 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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