JPMorgan has adjusted its rating for Hellenic Telecom (HLTOY, Financial), shifting it from Overweight to Neutral. The investment bank has set a price target of EUR 18.50 for the company's shares. This adjustment comes as part of JPMorgan's broader reassessment of the European telecommunications sector, which is facing a range of macroeconomic uncertainties.
This downgrade suggests a more cautious outlook on Hellenic Telecom's performance in the current market environment. Investors are advised to consider these factors when evaluating their positions in the telecom sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Hellenic Telecommunication Organization SA (HLTOY, Financial) is $16.87 with a high estimate of $16.87 and a low estimate of $16.87. The average target implies an upside of 89.97% from the current price of $8.88. More detailed estimate data can be found on the Hellenic Telecommunication Organization SA (HLTOY) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Hellenic Telecommunication Organization SA's (HLTOY, Financial) average brokerage recommendation is currently 4.0, indicating "Underperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Hellenic Telecommunication Organization SA (HLTOY, Financial) in one year is $7.94, suggesting a downside of 10.59% from the current price of $8.88. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Hellenic Telecommunication Organization SA (HLTOY) Summary page.
