Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Strong Trading Volume – Still a Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw an uptick in trading volume on Tuesday . 18,757 shares were traded during trading, an increase of 142% from the previous session’s volume of 7,752 shares.The stock last traded at $10.7675 and had previously closed at $11.01.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Tuesday, May 12th. One investment 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 Stock Down 1.3%

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 $8.93 billion, a PE ratio of 15.31 and a beta of 0.22. The company’s 50 day simple moving average is $10.40 and its 200-day simple moving average is $10.06.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last posted its earnings results on Friday, May 8th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Hellenic Telecom Organization had a return on equity of 30.98% and a net margin of 13.81%.The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $982.60 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.