Hellenic Telecom Organization (OTCMKTS:HLTOY) Reaches New 52-Week High – Still a Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $10.25 and last traded at $10.25, with a volume of 1581 shares. The stock had previously closed at $10.1525.

Analyst Ratings Changes

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

Hellenic Telecom Organization Stock Performance

The firm has a market cap of $8.42 billion, a PE ratio of 16.27 and a beta of 0.12. The business has a 50 day simple moving average of $9.85 and a two-hundred day simple moving average of $9.68. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.17.

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.