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

Hellenic Telecom Organization (OTCMKTS:HLTOY) posted its quarterly earnings data on Wednesday. The utilities provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02), Zacks reports. The firm had revenue of $994.90 million for the quarter, compared to analysts’ expectations of $996.34 million. Hellenic Telecom Organization had a return on equity of 29.70% and a net margin of 15.83%.

Hellenic Telecom Organization Stock Up 1.4%

Shares of HLTOY opened at $11.65 on Friday. Hellenic Telecom Organization has a 52-week low of $8.94 and a 52-week high of $11.74. The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $11.05 and a two-hundred day simple moving average of $10.45. The company has a market capitalization of $9.57 billion, a PE ratio of 14.38 and a beta of 0.21.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. New Street Research downgraded Hellenic Telecom Organization to a “neutral” rating in a research note on Wednesday. Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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.