Hellenic Telecom Organization (OTCMKTS:HLTOY) Reaches New 12-Month High – Time to Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $11.07 and last traded at $11.03, with a volume of 25795 shares trading hands. The stock had previously closed at $10.93.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Hellenic Telecom Organization has a consensus rating of “Buy”.

Hellenic Telecom Organization Stock Performance

The company has a market capitalization of $9.02 billion, a P/E ratio of 15.48 and a beta of 0.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.65 and a quick ratio of 0.64. The stock’s 50 day simple moving average is $10.34 and its two-hundred day simple moving average is $10.03.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last announced its 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). Hellenic Telecom Organization had a return on equity of 30.98% and a net margin of 13.81%.The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $982.60 million.

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.