Hellenic Telecom Organization (OTCMKTS:HLTOY) Releases Earnings Results, Misses Estimates By $0.02 EPS

Hellenic Telecom Organization (OTCMKTS:HLTOY) announced its quarterly earnings data on Wednesday. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02), Zacks reports. Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 29.97%.

Hellenic Telecom Organization Price Performance

Shares of Hellenic Telecom Organization stock remained flat at $11.38 during trading on Wednesday. 1,784 shares of the stock were exchanged, compared to its average volume of 5,760. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.71 and a current ratio of 0.73. The firm’s 50 day moving average price is $11.02 and its 200-day moving average price is $10.43. Hellenic Telecom Organization has a 52 week low of $8.85 and a 52 week high of $11.74. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 16.03 and a beta of 0.21.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. New Street Research cut Hellenic Telecom Organization to a “neutral” rating in a report on Wednesday. Morgan Stanley reiterated an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.