Hellenic Telecom Organization SA (OTCMKTS:HLTOY – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $11.07 and last traded at $11.0650, with a volume of 9349 shares traded. The stock had previously closed at $10.77.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Hellenic Telecom Organization has a consensus rating of “Buy”.
Get Our Latest Stock Analysis on HLTOY
Hellenic Telecom Organization Stock Up 0.6%
Hellenic Telecom Organization (OTCMKTS:HLTOY – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The utilities provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $982.60 million. Hellenic Telecom Organization had a return on equity of 29.97% and a net margin of 13.81%.
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.
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