Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Gap Up – What’s Next?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) gapped up before the market opened on Friday. The stock had previously closed at $10.9640, but opened at $11.35. Hellenic Telecom Organization shares last traded at $11.30, with a volume of 1,397 shares.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HLTOY shares. New Street Research cut shares of Hellenic Telecom Organization to a “neutral” rating in a research report on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating on shares of Hellenic Telecom Organization in a report on Wednesday, September 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Hellenic Telecom Organization Trading Up 3.9%

The firm has a fifty day simple moving average of $11.44 and a 200-day simple moving average of $10.90. The firm has a market cap of $9.35 billion, a P/E ratio of 14.06 and a beta of 0.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.68 and a quick ratio of 0.67.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). Hellenic Telecom Organization had a net margin of 15.83% and a return on equity of 30.19%. The firm had revenue of $994.90 million for the quarter, compared to the consensus estimate of $996.34 million.

Hellenic Telecom Organization Company Profile

Hellenic Telecommunications Organization SA, commonly known as OTE, is a Greece-based telecommunications and technology company. Through its COSMOTE brand, the company provides fixed-line and mobile communications, broadband internet, fiber-optic connectivity, and related digital services to consumers and businesses.

OTE also offers pay television and entertainment services, information and communications technology solutions, cloud and data-center services, cybersecurity, and other managed digital solutions.