Fri Sep 20 07:46:24 UTC 2024: ## Hellenic Telecommunications Receives “Buy” Rating and Price Target Hike from BofA Securities

**Athens, Greece –** Hellenic Telecommunications Organization (HTO:GA) received a significant boost on Friday as BofA Securities upgraded its stock rating from “Neutral” to “Buy,” citing positive operational developments and strong financial performance.

The firm also raised the company’s price target to EUR18.20, a substantial increase from the previous EUR15.70. This optimistic outlook stems from the belief that HTO is well-positioned for growth, driven by several key factors:

* **Operational Tailwinds:** BofA Securities highlighted the FTTH voucher system, the OTE-Nova Agreement, and the optimization of FTTH wholesale operations as crucial drivers of HTO’s future success.
* **Strong Financials:** The analyst praised HTO’s robust free cash flow generation and its impressive shareholder remuneration policy, underscoring the company’s financial strength and potential for sustained profitability.
* **Positive Earnings Outlook:** BofA Securities expects consensus upgrades for HTO’s 2025/26 earnings per share (EPS), with its own estimates being 6.6% and 5.3% higher than the current consensus.
* **Attractive Valuation:** The analyst cited the increased EPS forecasts and a reduced weighted average cost of capital (WACC) as key factors contributing to the raised price target.

The upgrade signals BofA Securities’ confidence in HTO’s ability to outperform in the market, supported by solid operational strategies and robust financial policies. The new price target of EUR18.20 reflects the firm’s revised expectations for the company’s stock performance.

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