Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Posts Quarterly Earnings Results

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) released its earnings results on Wednesday. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, Zacks reports. Magyar Telekom Tavkozlesi Nyrt had a return on equity of 23.44% and a net margin of 21.73%.

Magyar Telekom Tavkozlesi Nyrt Price Performance

Shares of MYTAY stock remained flat at $29.53 during trading hours on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.57 and a quick ratio of 1.45. Magyar Telekom Tavkozlesi Nyrt has a 12-month low of $17.08 and a 12-month high of $29.60. The business has a 50-day moving average of $29.53 and a 200-day moving average of $29.50.

Analyst Ratings Changes

Separately, Oddo Bhf upgraded Magyar Telekom Tavkozlesi Nyrt from a “neutral” rating to an “outperform” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Magyar Telekom Tavkozlesi Nyrt Company Profile

Magyar Telekom Távközlési Nyrt. is Hungary’s leading integrated telecommunications service provider and a member of the Deutsche Telekom Group. The company offers a full suite of fixed-line and mobile voice communication services alongside broadband internet access and digital television solutions. Through its extensive network infrastructure, Magyar Telekom delivers reliable connectivity to both residential and corporate customers across Hungary.

In the mobile segment, Magyar Telekom provides services under the T-Mobile brand, covering voice, data and messaging services supported by 4G LTE and an expanding 5G network.