Hellenic Telecom Organization (OTCMKTS:HLTOY) Announces Quarterly Earnings Results

Hellenic Telecom Organization (OTCMKTS:HLTOY) released its earnings results on Thursday. The utilities provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.11, Zacks reports. Hellenic Telecom Organization had a return on equity of 31.25% and a net margin of 13.97%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $853.33 million.

Hellenic Telecom Organization Trading Down 0.3%

Shares of OTCMKTS HLTOY opened at $10.37 on Friday. Hellenic Telecom Organization has a twelve month low of $7.40 and a twelve month high of $10.55. The firm has a market cap of $8.52 billion, a PE ratio of 14.81 and a beta of 0.12. The business has a fifty day simple moving average of $9.89 and a two-hundred day simple moving average of $9.72. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.17.

Analysts Set New Price Targets

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

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.