Hellenic Telecom Organization (OTCMKTS:HLTOY) Hits New 1-Year High – Time to Buy?

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) hit a new 52-week high during trading on Friday . The stock traded as high as $11.74 and last traded at $11.74, with a volume of 380 shares traded. The stock had previously closed at $11.43.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated 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, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Hellenic Telecom Organization Stock Up 1.2%

The firm’s 50-day simple moving average is $10.97 and its 200-day simple moving average is $10.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.71 and a current ratio of 0.73. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 15.94 and a beta of 0.21.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last announced its quarterly earnings data on Friday, May 8th. The utilities provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 29.97%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $982.60 million.

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.