Hellenic Telecom Organization (OTCMKTS:HLTOY) Reaches New 12-Month High – Should You Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $11.87 and last traded at $11.87, with a volume of 3314 shares trading hands. The stock had previously closed at $11.43.

Wall Street Analyst Weigh In

Several brokerages recently commented on HLTOY. Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Tuesday, May 12th. New Street Research downgraded Hellenic Telecom Organization to a “neutral” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Hellenic Telecom Organization has an average rating of “Moderate Buy”.

Hellenic Telecom Organization Stock Up 0.2%

The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 14.42 and a beta of 0.19. The business has a fifty day simple moving average of $11.27 and a 200 day simple moving average of $10.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.73 and a quick ratio of 0.71.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Hellenic Telecom Organization had a return on equity of 29.70% and a net margin of 15.83%.The firm had revenue of $994.90 million during the quarter, compared to analyst estimates of $996.34 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.