Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Gap Down – Should You Sell?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) shares gapped down before the market opened on Monday . The stock had previously closed at $10.40, but opened at $9.71. Hellenic Telecom Organization shares last traded at $9.77, with a volume of 653 shares traded.

Analyst Upgrades and Downgrades

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

Hellenic Telecom Organization Stock Down 2.3%

The firm has a 50-day moving average of $9.89 and a two-hundred day moving average of $9.73. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $8.32 billion, a PE ratio of 14.48 and a beta of 0.12.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last announced its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.12 by $0.11. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $853.33 million. Hellenic Telecom Organization had a return on equity of 31.25% and a net margin of 13.97%.

About Hellenic Telecom Organization

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.