Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Strong Trading Volume – Here’s What Happened

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw strong trading volume on Wednesday . 115,104 shares traded hands during trading, an increase of 2,193% from the previous session’s volume of 5,019 shares.The stock last traded at $10.04 and had previously closed at $9.77.

Wall Street Analyst Weigh In

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

Hellenic Telecom Organization Price Performance

The firm has a 50-day moving average of $9.80 and a 200-day moving average of $9.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.64 and a current ratio of 0.65. The firm has a market capitalization of $8.24 billion, a P/E ratio of 14.34 and a beta of 0.10.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last posted its earnings results on Thursday, February 26th. The utilities provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.11. Hellenic Telecom Organization had a return on equity of 30.71% and a net margin of 13.97%.The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $853.33 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.