Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Unusually-High Trading Volume – Here’s What Happened
by Kim Johansen · The Markets DailyHellenic Telecom Organization SA (OTCMKTS:HLTOY – Get Free Report) saw strong trading volume on Wednesday . 115,104 shares were traded during mid-day trading, an increase of 2,193% from the previous session’s volume of 5,019 shares.The stock last traded at $10.04 and had previously closed at $9.77.
Analyst Ratings Changes
Separately, Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a report on Friday, January 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Hellenic Telecom Organization presently has a consensus rating of “Buy”.
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Hellenic Telecom Organization Stock Up 2.0%
The company has a debt-to-equity ratio of 0.17, a current ratio of 0.65 and a quick ratio of 0.64. The company has a market cap of $8.41 billion, a PE ratio of 14.63 and a beta of 0.15. The business’s 50 day moving average is $9.82 and its 200-day moving average is $9.77.
Hellenic Telecom Organization (OTCMKTS:HLTOY – Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.11. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $853.33 million. Hellenic Telecom Organization had a net margin of 13.97% and a return on equity of 30.71%.
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.