Hellenic Telecom Organization (OTCMKTS:HLTOY) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Hellenic Telecom Organization (OTCMKTS:HLTOY) announced its quarterly earnings results on Friday. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02, Zacks reports. The business had revenue of $985.36 million during the quarter, compared to analyst estimates of $971.11 million. Hellenic Telecom Organization had a return on equity of 30.19% and a net margin of 15.83%.

Hellenic Telecom Organization Stock Performance

Shares of HLTOY opened at $10.53 on Friday. The company has a market capitalization of $8.65 billion, a PE ratio of 15.26 and a beta of 0.18. Hellenic Telecom Organization has a one year low of $9.30 and a one year high of $11.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.68 and a quick ratio of 0.67. The company’s fifty day moving average price is $11.09 and its 200 day moving average price is $10.69.

Wall Street Analysts Forecast Growth

HLTOY has been the subject of several recent research reports. New Street Research downgraded shares of Hellenic Telecom Organization to a “neutral” rating in a research report on Wednesday, July 29th. Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Wednesday, September 16th. Finally, Barclays downgraded shares of Hellenic Telecom Organization to an “underweight” rating in a report on Tuesday, October 20th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

About Hellenic Telecom Organization

Hellenic Telecommunications Organization SA (OTE) is a Greece-based telecommunications provider that operates primarily under the COSMOTE brand. The company offers fixed-line and mobile voice services, broadband and fiber-optic internet access, pay television, and related digital communications services to residential and business customers.

OTE also provides information and communications technology services for corporate and public-sector clients, including connectivity, data services, cloud solutions, cybersecurity, and other managed technology services.