Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Large Volume Increase - Time to Buy?

Key Points

• Trading spike: 43,538 shares traded (an 861% increase from the prior session), with the stock last at $9.44 versus a prior close of $9.6050 and trading down roughly 0.6%.
• Strong quarter: Q results topped estimates—EPS $0.23 vs. $0.12 expected and revenue $1.08B vs. $853.33M expected—with a 13.97% net margin and 31.25% return on equity.
• Analyst tone and valuation: Morgan Stanley reiterated an overweight rating and the consensus is Buy; market cap is $7.77B with a P/E of 13.52.

Hellenic Telecom Organization SA (OTCMKTS:HLTOY - Get Free Report) shares saw strong trading volume on Wednesday . 43,538 shares traded hands during trading, an increase of 861% from the previous session's volume of 4,531 shares.The stock last traded at $9.44 and had previously closed at $9.6050.

Wall Street Analyst Weigh In

Separately, Morgan Stanley restated 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, Based on data from MarketBeat, the company presently has an average rating of "Buy".

Hellenic Telecom Organization Trading Down 0.6%

The stock has a market cap of $7.77 billion, a P/E ratio of 13.52 and a beta of 0.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59. The firm's fifty day simple moving average is $9.83 and its 200-day simple moving average is $9.77.

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.11. The company 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 31.25%.

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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