Hellenic Telecom Organization (OTCMKTS:HLTOY) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• Hellenic Telecom Organization reported quarterly EPS of $0.22, which missed analysts’ estimate by $0.01.
• The company’s revenue came in above expectations at $1.01 billion versus the consensus estimate of $982.6 million.
• Wall Street sentiment remained positive, with Morgan Stanley reaffirming an “overweight” rating and the stock carrying an average Buy rating.

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) issued its quarterly earnings data on Friday. The utilities provider reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01), Zacks reports. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $982.60 million. Hellenic Telecom Organization had a return on equity of 30.71% and a net margin of 13.97%.

Hellenic Telecom Organization Price Performance

OTCMKTS:HLTOY opened at $10.81 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.64 and a current ratio of 0.65. The stock's 50-day simple moving average is $10.16 and its 200 day simple moving average is $9.93. The company has a market cap of $8.88 billion, a P/E ratio of 15.23 and a beta of 0.22. Hellenic Telecom Organization has a 52-week low of $8.65 and a 52-week high of $11.01.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of Hellenic Telecom Organization in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

About Hellenic Telecom Organization

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.

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