Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Unusually-High Trading Volume – What’s Next?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) shares saw strong trading volume on Thursday . 20,902 shares changed hands during trading, an increase of 121% from the previous session’s volume of 9,438 shares.The stock last traded at $10.6530 and had previously closed at $10.6555.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Hellenic Telecom Organization Stock Performance

The firm has a fifty day simple moving average of $10.54 and a 200-day simple moving average of $10.12. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.17. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 15.01 and a beta of 0.21.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last posted its quarterly earnings results on Friday, May 8th. The utilities provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business 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 30.98% 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.