Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Trading spike: Volume surged to 22,522 shares on Tuesday, a 288% increase from the prior session, with the stock last trading around $10.72.
• Analyst sentiment: Morgan Stanley reiterated an "overweight" rating and the consensus on MarketBeat is an average rating of Buy.
• Quarterly beat and valuation: OTE reported EPS of $0.23 (vs. $0.12 est.) and revenue of $1.08B (vs. $853M est.), with a market cap of $8.85B and a P/E of 15.39.

Hellenic Telecom Organization SA (OTCMKTS:HLTOY - Get Free Report) saw strong trading volume on Tuesday . 22,522 shares traded hands during trading, an increase of 288% from the previous session's volume of 5,801 shares.The stock last traded at $10.72 and had previously closed at $10.79.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reiterated 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 currently has an average rating of "Buy".

Hellenic Telecom Organization Stock Performance

The firm has a 50 day moving average of $10.08 and a 200-day moving average of $9.87. The company has a market cap of $8.85 billion, a P/E ratio of 15.39 and a beta of 0.15. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.17.

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

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.

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