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

Key Points

• Hellenic Telecom Organization reported quarterly EPS of $0.27, beating analysts’ consensus estimate of $0.25 by $0.02. The company posted a 30.19% return on equity and a 15.83% net margin.
• HLTOY shares rose $0.18 to $10.54, while trading below their 50-day moving average of $11.12 but above their 12-month low of $9.30.
• Analyst sentiment remains mixed: Barclays and New Street Research downgraded the stock, while Morgan Stanley maintained an overweight rating. The consensus rating is Hold.

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) announced its quarterly earnings data on Friday. The utilities provider reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 Stock Performance

OTCMKTS HLTOY traded up $0.18 during trading on Friday, reaching $10.54. The company's stock had a trading volume of 12,588 shares, compared to its average volume of 8,090. The firm has a 50 day moving average price of $11.12 and a 200 day moving average price of $10.69. Hellenic Telecom Organization has a 12 month low of $9.30 and a 12 month high of $11.90. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 13.01 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.

Analysts Set New Price Targets

Several brokerages recently issued reports on HLTOY. Barclays downgraded shares of Hellenic Telecom Organization to an "underweight" rating in a research note on Tuesday, October 20th. Morgan Stanley restated an "overweight" rating on shares of Hellenic Telecom Organization in a research note on Wednesday, September 16th. Finally, New Street Research downgraded Hellenic Telecom Organization to a "neutral" rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently 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.

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