Hellenic Telecom Organization (OTCMKTS:HLTOY) Reaches New 1-Year High - Here's Why

Key Points

• Hellenic Telecom Organization reached a new 52-week high of $10.83 during mid-day trading and was trading up about 1.7%, backed by an analyst consensus of Buy including Morgan Stanley's reissued "overweight" rating.
• The company reported a strong quarterly beat with EPS of $0.23 versus $0.12 expected and revenue of $1.08 billion versus $853.3 million consensus, delivering a net margin of 13.97% and return on equity of 30.71%.
• OTE Group has a market cap of $8.87 billion and a P/E of 15.43 with low volatility (beta 0.22), though liquidity is modest (quick ratio 0.64, current ratio 0.65) and debt-to-equity is 0.17.

Hellenic Telecom Organization SA (OTCMKTS:HLTOY - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $10.83 and last traded at $10.83, with a volume of 8831 shares. The stock had previously closed at $10.62.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reissued an "overweight" rating on shares of Hellenic Telecom Organization in a report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy".

Hellenic Telecom Organization Trading Up 1.7%

The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.17. The company's 50-day moving average price is $10.11 and its 200-day moving average price is $9.90. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 15.43 and a beta of 0.22.

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.11. Hellenic Telecom Organization had a net margin of 13.97% and a return on equity of 30.71%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $853.33 million.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.