Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Issues Earnings Results

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) announced its quarterly earnings data on Wednesday. The utilities provider reported $1.01 earnings per share for the quarter, Zacks reports. Magyar Telekom Tavkozlesi Nyrt had a return on equity of 24.45% and a net margin of 21.73%.The company had revenue of $725.35 million for the quarter.

Magyar Telekom Tavkozlesi Nyrt Price Performance

MYTAY remained flat at $29.53 during trading on Friday. Magyar Telekom Tavkozlesi Nyrt has a one year low of $17.08 and a one year high of $29.60. The business has a fifty day moving average price of $29.53 and a two-hundred day moving average price of $28.44. The stock has a market cap of $5.69 billion, a P/E ratio of 8.34 and a beta of 0.33. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.23.

Analyst Ratings Changes

Separately, Oddo Bhf lowered Magyar Telekom Tavkozlesi Nyrt to a “neutral” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Magyar Telekom Tavkozlesi Nyrt

Magyar Telekom Távközlési Nyrt. is Hungary’s leading integrated telecommunications service provider and a member of the Deutsche Telekom Group. The company offers a full suite of fixed-line and mobile voice communication services alongside broadband internet access and digital television solutions. Through its extensive network infrastructure, Magyar Telekom delivers reliable connectivity to both residential and corporate customers across Hungary.

In the mobile segment, Magyar Telekom provides services under the T-Mobile brand, covering voice, data and messaging services supported by 4G LTE and an expanding 5G network.