Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Gap Up – Here’s Why

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) shares gapped up prior to trading on Friday. The stock had previously closed at $10.9640, but opened at $11.35. Hellenic Telecom Organization shares last traded at $11.30, with a volume of 1,397 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HLTOY shares. 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 research note on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Hellenic Telecom Organization Price Performance

The business has a 50-day simple moving average of $11.44 and a 200 day simple moving average of $10.90. The stock has a market cap of $9.35 billion, a P/E ratio of 14.06 and a beta of 0.18. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.18.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last issued its quarterly earnings data 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). The company had revenue of $994.90 million for the quarter, compared to the consensus estimate of $996.34 million. Hellenic Telecom Organization had a return on equity of 30.19% and a net margin of 15.83%.

About Hellenic Telecom Organization

Hellenic Telecommunications Organization SA, commonly known as OTE, is a Greece-based telecommunications and technology company. Through its COSMOTE brand, the company provides fixed-line and mobile communications, broadband internet, fiber-optic connectivity, and related digital services to consumers and businesses.

OTE also offers pay television and entertainment services, information and communications technology solutions, cloud and data-center services, cybersecurity, and other managed digital solutions.