Hellenic Telecom Organization (HLTOY) Set to Announce Earnings on Friday

Key Points

• Hellenic Telecom Organization is expected to report earnings before the market opens Friday, October 30. Analysts project quarterly earnings of $0.2504 per share and revenue of $967.14 million.
• The company’s previous quarter fell short of expectations, with EPS of $0.21 versus the $0.23 consensus and revenue of $994.90 million versus $996.34 million expected.
• Analyst sentiment is mixed, with an overall “Hold” rating. Morgan Stanley maintained an “overweight” view, while New Street Research moved to “neutral” and Barclays downgraded the stock to “underweight.”

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) is projected to post its results before the market opens on Friday, October 30th. Analysts expect the company to announce earnings of $0.2504 per share and revenue of $967.14 million for the quarter.

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.02). Hellenic Telecom Organization had a net margin of 15.83% and a return on equity of 30.19%. The firm had revenue of $994.90 million during the quarter, compared to analysts' expectations of $996.34 million.

Hellenic Telecom Organization Stock Performance

HLTOY opened at $10.79 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.18. Hellenic Telecom Organization has a 12-month low of $9.00 and a 12-month high of $11.90. The firm has a 50 day moving average of $11.21 and a two-hundred day moving average of $11.06. The firm has a market capitalization of $8.86 billion, a PE ratio of 11.83 and a beta of 0.18.

Analyst Ratings Changes

HLTOY has been the subject of several recent research reports. Morgan Stanley reissued an "overweight" rating on shares of Hellenic Telecom Organization in a report on Wednesday, September 16th. New Street Research lowered shares of Hellenic Telecom Organization to a "neutral" rating in a report on Wednesday, July 29th. Finally, Barclays downgraded Hellenic Telecom Organization to an "underweight" rating in a research report on Tuesday. One research 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.com, Hellenic Telecom Organization currently has an average rating of "Hold".

About Hellenic Telecom Organization

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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