Hellenic Telecom Organization (OTCMKTS:HLTOY) Announces Earnings Results, Beats Expectations By $0.02 EPS

Hellenic Telecom Organization (OTCMKTS:HLTOY) released its earnings results on Friday. The utilities provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02, Zacks reports. Hellenic Telecom Organization had a return on equity of 30.19% and a net margin of 15.83%.

Hellenic Telecom Organization Trading Up 1.6%

HLTOY traded up $0.17 during trading on Friday, hitting $10.53. 19,510 shares of the stock traded hands, compared to its average volume of 8,120. The firm has a market capitalization of $8.65 billion, a P/E ratio of 13.00 and a beta of 0.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.68 and a quick ratio of 0.67. The firm has a 50-day moving average of $11.12 and a 200 day moving average of $10.69. Hellenic Telecom Organization has a 12-month low of $9.30 and a 12-month high of $11.90.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Wednesday, September 16th. New Street Research downgraded Hellenic Telecom Organization to a “neutral” rating in a report on Wednesday, July 29th. Finally, Barclays downgraded Hellenic Telecom Organization to an “underweight” rating in a report on Tuesday, October 20th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Hellenic Telecom Organization currently has a consensus rating of “Hold”.

Hellenic Telecom Organization Company Profile

Hellenic Telecommunications Organization SA (OTE) is a Greece-based telecommunications provider that operates primarily under the COSMOTE brand. The company offers fixed-line and mobile voice services, broadband and fiber-optic internet access, pay television, and related digital communications services to residential and business customers.

OTE also provides information and communications technology services for corporate and public-sector clients, including connectivity, data services, cloud solutions, cybersecurity, and other managed technology services.