Hellenic Telecom Organization (OTCMKTS:HLTOY) Hits New 1-Year High – Still a Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $10.27 and last traded at $10.27, with a volume of 36057 shares traded. The stock had previously closed at $9.8948.

Analysts Set New Price Targets

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

Hellenic Telecom Organization Stock Performance

The company has a market capitalization of $8.62 billion, a PE ratio of 16.67 and a beta of 0.12. The stock’s fifty day simple moving average is $9.87 and its 200-day simple moving average is $9.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59.

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.