Hellenic Telecom Organization (OTCMKTS:HLTOY) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Hellenic Telecom Organization (OTCMKTS:HLTOY) announced its quarterly earnings results on Friday. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01), Zacks reports. Hellenic Telecom Organization had a net margin of 13.97% and a return on equity of 30.71%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $982.60 million.

Hellenic Telecom Organization Stock Performance

Shares of HLTOY opened at $10.81 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.64 and a current ratio of 0.65. The stock has a 50 day moving average price of $10.16 and a two-hundred day moving average price of $9.93. The firm has a market capitalization of $8.88 billion, a P/E ratio of 15.23 and a beta of 0.22. Hellenic Telecom Organization has a 52 week low of $8.65 and a 52 week high of $11.01.

Analyst Ratings Changes

Separately, Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Friday, January 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Hellenic Telecom Organization currently has an average rating of “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.