Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Strong Trading Volume – Here’s Why

Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw strong trading volume on Wednesday . 6,859 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 5,346 shares.The stock last traded at $10.50 and had previously closed at $10.2650.

Analyst Upgrades and Downgrades

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

Hellenic Telecom Organization Trading Up 2.3%

The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average is $9.85 and its 200-day moving average is $9.71. The company has a market cap of $8.62 billion, a PE ratio of 16.67 and a beta of 0.12.

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.