Hellenic Telecom Organization SA (HLTOY) AI Stock Analysis

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Hellenic Telecom Organization SA

(Other OTC:HLTOY)

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Rating:71Outperform

Price Target:$11.50▲(9.31% Upside)

Action:reiterated

Date:10/30/26

The score is driven primarily by solid financial performance (strong margins/ROE with manageable leverage) and supportive valuation (low P/E with a high dividend yield). This is partially offset by weak technicals (price below key moving averages and negative momentum) and competitive/ARPU pressures noted on the earnings call, despite management reiterating guidance and highlighting strong FTTH-related momentum.

Positive Factors

Strong profitabilityHigh margins and returns demonstrate strong operating economics for a telecom provider. The combination of pricing power, scale and cost discipline supports resilient earnings generation, while the expanded EBITDA margin provides capacity to fund network investment and defend the business over the next several quarters.

Negative Factors

Fixed-line revenue pressureDeclining traditional fixed-line revenue indicates that mature services remain exposed to substitution and pricing pressure. Even with FTTH and fixed wireless growth, continued erosion in legacy products could constrain consolidated revenue expansion and require ongoing investment to protect the broadband base.

Hellenic Telecom Organization SA (HLTOY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $16.42B
Dividend Yield: 5.49%
Average Volume (3M): 2,969
Price to Earnings (P/E): 11.0
Beta (1Y): 0.17
Revenue Growth: 4.53%
EPS Growth: 35.64%
Country: US
Employees: 8,827
Sector: Communication Services
Sector Strength: 60
Industry: Telecommunications Services

Hellenic Telecom Organization SA Business Overview & Revenue Model

Company Description

Hellenic Telecommunications Organization S.A. (HLTOY) is a prominent telecommunications conglomerate that, through its subsidiaries, delivers a broad spectrum of communication and associated solutions. These services are provided to both residential...

Hellenic Telecom Organization SA Earnings Call Summary

Earnings Call Date:Oct 29, 2026(Q3-2026)|% Change Since:1.51%|Next Earnings Date:Feb 18, 2026

Earnings Call SentimentPositive

The call was predominantly positive. OTE reported broad-based revenue, EBITDA, margin and free cash flow growth; strong FTTH, fixed wireless access, Pay-TV, mobile and wholesale FTTH momentum; continued network and AI investment; and confidence in meeting its 2026 targets and sustaining growth in 2027. The main challenges were heightened fixed-market competition, pricing and ARPU pressure, moderating mobile growth, the planned wholesale revenue roll-off, higher energy costs, the completion of the RRF cycle and uncertainty around the spectrum auction. Management presented these issues as being actively managed and reiterated its financial guidance.

Positive Updates

Strong Year-to-Date Performance and 2026 Confidence

Management said the first nine months reinforce its confidence in delivering the 2026 growth ambition. Third-quarter EBITDA growth accelerated further, while underlying revenue growth remained strong, supported by resilient operations and key growth areas.

Negative Updates

Intensifying Fixed-Market Competition and Pricing Pressure

Management said competitive intensity in the fixed market has increased, particularly during the last few months of 2026. Fixed retail service revenues were slightly lower year-on-year, and the traditional fixed-line business was described as declining by approximately 2.5% to 3%, with the CEO attributing this to pricing. OTE is defending its broadband base but acknowledged some ARPU pressure.

Company Guidance

Management maintained its CapEx guidance at a bit over EUR 600 million, reiterated reported free cash flow guidance of approximately EUR 750 million and underlying free cash flow of EUR 570 million to EUR 580 million, and expects solid double-digit growth for System Solutions for the full year; it also expects a total of approximately EUR 15 million drop in domestic wholesale revenues, FTTH coverage of more than 3.1 million homes passed by year-end and an ambition of more than 4.6 million by 2030, while maintaining full year EBITDA growth guidance of 3%. Pay-TV momentum is expected to continue, though at a more moderate pace, and management said the intention is to stay within this kind of growth levels moving into 2027, with activity running more or less along the same levels of this year moving into 2027, both in terms of top line, but also in terms of margin.

Hellenic Telecom Organization SA Financial Statement Overview

Summary

Strong profitability and returns (TTM net margin ~17.5%, EBIT margin ~33.7%, ROE ~30%) with manageable leverage (debt-to-equity ~0.48x). The main offsets are modest revenue decline (TTM ~-1.6%) and only middling cash conversion (FCF ~0.46x of net income) alongside slightly lower FCF.

Income Statement

78Positive

Balance Sheet

74Positive

Cash Flow

66Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.51B	3.33B	3.59B	3.47B	3.46B	3.37B
Gross Profit	2.37B	1.70B	2.76B	2.65B	2.65B	2.60B
EBITDA	1.65B	1.37B	1.42B	1.40B	1.39B	1.43B
Net Income	556.54M	481.32M	478.80M	531.70M	388.60M	557.60M
Balance Sheet
Total Assets	5.44B	5.10B	5.00B	4.94B	5.00B	5.22B
Cash, Cash Equivalents and Short-Term Investments	769.60M	527.68M	472.90M	469.50M	594.90M	636.30M
Total Debt	1.16B	1.06B	1.10B	1.09B	1.31B	1.41B
Total Liabilities	3.46B	2.99B	3.03B	2.99B	3.15B	3.24B
Stockholders Equity	1.98B	2.11B	1.96B	1.94B	1.85B	1.97B
Cash Flow
Free Cash Flow	503.33M	551.73M	502.50M	573.70M	677.70M	638.20M
Operating Cash Flow	1.09B	1.14B	1.10B	1.20B	1.32B	1.22B
Investing Cash Flow	-551.30M	-557.97M	-584.10M	-604.80M	-638.50M	-435.50M
Financing Cash Flow	-437.65M	-528.58M	-515.30M	-716.30M	-721.40M	-746.50M

Hellenic Telecom Organization SA Technical Analysis

Technical Analysis SentimentNegative

Last Price10.52

Price Trends

50DMA11.13Negative

100DMA11.11Negative

200DMA10.44Positive

Market Momentum

MACD-0.15Positive

RSI38.85Neutral

STOCH9.19Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HLTOY, the sentiment is Negative. The current price of 10.52 is below the 20-day moving average (MA) of 10.79, below the 50-day MA of 11.13, and above the 200-day MA of 10.44, indicating a neutral trend. The MACD of -0.15 indicates Positive momentum. The RSI at 38.85 is Neutral, neither overbought nor oversold. The STOCH value of 9.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HLTOY.

Hellenic Telecom Organization SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (60)

Financial Indicators

HLTOY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TIMB	73Outperform	$8.43B	10.65	17.54%	7.85%	13.99%	29.93%
HLTOY	71Outperform	$8.17B	10.96	32.96%	5.49%	4.53%	35.64%
KT	66Neutral	$8.37B	8.01	7.21%	4.85%	5.40%	39.37%
TKC	66Neutral	$3.94B	10.00	7.05%	4.81%	16.11%	2.15%
TLK	63Neutral	$10.82B	11.43	13.16%	10.99%	-3.37%	-27.49%
VOD	63Neutral	$36.97B	-72.26	-0.79%	3.38%	16.69%	87.12%
Sector *	60Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%

* Communication Services Sector Average

Performance Comparison

HLTOY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HLTOY	Hellenic Telecom Organization S.A. (ADR)	10.52	1.56	17.41%
KT	KT Corporation	17.28	-1.42	-7.59%
TLK	P.t. Telekomunikasi Indonesia Tbk.	11.17	-7.83	-41.20%
TIMB	Tim S.A.	17.68	-3.64	-17.06%
TKC	Turkcell Iletisim Hizmetleri As	4.58	-1.17	-20.36%
VOD	Vodafone Group Plc	15.88	4.93	44.98%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 30, 2026

Hellenic Telecom Organization SA AI Stock Analysis

Hellenic Telecom Organization SA (HLTOY) AI Stock Analysis

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