Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Gap Down – Should You Sell?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) shares gapped down before the market opened on Thursday . The stock had previously closed at $11.31, but opened at $10.95. Hellenic Telecom Organization shares last traded at $11.13, with a volume of 5,572 shares changing hands.

Analysts Set New Price Targets

Separately, Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Hellenic Telecom Organization Stock Down 1.6%

The stock’s fifty day moving average price is $10.89 and its 200 day moving average price is $10.26. The stock has a market cap of $9.14 billion, a P/E ratio of 15.68 and a beta of 0.20. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 0.16.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last posted its quarterly earnings data on Friday, May 8th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $982.60 million. Hellenic Telecom Organization had a return on equity of 29.97% and a net margin of 13.81%.

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.