Hellenic Telecom Organization (OTCMKTS:HLTOY) Announces Quarterly Earnings Results

Hellenic Telecom Organization (OTCMKTS:HLTOY) posted its quarterly earnings results on Wednesday. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02), Zacks reports. Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 29.97%. The firm had revenue of $994.90 million for the quarter, compared to analyst estimates of $981.90 million.

Hellenic Telecom Organization Trading Down 0.3%

Hellenic Telecom Organization stock opened at $11.35 on Thursday. Hellenic Telecom Organization has a 52-week low of $8.94 and a 52-week high of $11.74. The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 15.98 and a beta of 0.21. The firm has a 50-day moving average price of $11.03 and a two-hundred day moving average price of $10.44.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HLTOY. New Street Research lowered shares of Hellenic Telecom Organization to a “neutral” rating in a research note on Wednesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Hellenic Telecom Organization currently has an average rating of “Moderate Buy”.

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.