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

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) shares gapped down before the market opened on Friday . The stock had previously closed at $9.79, but opened at $9.50. Hellenic Telecom Organization shares last traded at $9.4650, with a volume of 49,571 shares changing hands.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Hellenic Telecom Organization Trading Down 2.4%

The firm’s 50 day moving average price is $9.89 and its 200-day moving average price is $9.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.57. The stock has a market cap of $7.77 billion, a P/E ratio of 15.02 and a beta of 0.12.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last announced its quarterly earnings results on Thursday, November 13th. The utilities provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $910.48 million. Hellenic Telecom Organization had a net margin of 15.62% and a return on equity of 26.32%.

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.