Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Releases Quarterly Earnings Results

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) posted its quarterly earnings data on Wednesday. The utilities provider reported $0.21 EPS for the quarter, Zacks reports. Magyar Telekom Tavkozlesi Nyrt had a return on equity of 23.44% and a net margin of 21.73%.

Magyar Telekom Tavkozlesi Nyrt Stock Performance

OTCMKTS MYTAY remained flat at $29.53 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.45 and a current ratio of 1.57. Magyar Telekom Tavkozlesi Nyrt has a one year low of $17.08 and a one year high of $29.60. The company’s fifty day moving average is $29.53 and its 200-day moving average is $29.50.

Wall Street Analyst Weigh In

Separately, Oddo Bhf raised shares of Magyar Telekom Tavkozlesi Nyrt from a “neutral” rating to an “outperform” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Magyar Telekom Tavkozlesi Nyrt currently has a consensus rating of “Buy”.

Magyar Telekom Tavkozlesi Nyrt Company Profile

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.