New Street Research - Hellenic Telecommunications Organization SA (HTO) New Street: Hellenic Telecom (OTE): Buy, TP: €19.0, +35% Q1 21: Significant Greek EBITDA trend change - Quick Take

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New Street Research

Russell Waller

New Street: Hellenic Telecom (OTE): Buy, TP: €19.0, +35% Q1 21: Significant Greek EBITDA trend change - Quick Take

OTE has reported a good set of results with better SR growth in Greece and a significant change of trend in Greek EBITDA.

12/05/2021 7 EN

Underlying

Hellenic Telecommunications Organization SA

Hellenic Telecommunications Organization is a full-service telecommunications group. Co. provides local, long-distance and international fixed-line telecommunications services in Greece and Romania, and mobile telephony services through its Cosmote subsidiary in Greece, as well as in Albania, Bulgaria, the Former Yugoslav Republic of Macedonia and Romania. Co. also provides internet access services and Internet Protocol (IP) -based telecommunications applications, as well as information technology application development and hosting services using IP technologies. Also, Co. provides several other telecommunications services, including value-added services and public telephone services.

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GRS260333000 Greece

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

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Analysts

Russell Waller

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