Hellenic Telecommunications, Metka, Terna Energy: Greek Preview
The following stocks may be active in the Greek market. Symbols are in parentheses after company names and prices are from the previous close.
The benchmark ASE Index lost 36.21, or 2.6 percent, to 1,354.63. The FTSE/ASE 20 Index of the country’s biggest companies declined 3.5 percent to 624.51. The Cypriot General Index dropped 2.1 percent to 958.92.
Hellenic Telecommunications Organization SA (HTO GA): Goldman Sachs Group Inc. raised its share-price estimate on Greece’s biggest telephone services provider to 7.50 euros from 6.30 euros. The shares rose 0.7 percent to 6.85 euros.
Metka SA (METTK GA): Greece’s largest builder of power plants and Ansaldo Energia SpA, a unit of Finmeccanica SpA of Italy, will add 750 megawatts of capacity to the Deir Ali plant south of Damascus. The two also plan to start adding 750 megawatts of generating capacity to the Deir Ezzor plant in eastern Syria this year, Syria’s Electricity Ministry said. The shares gained 0.2 percent to 9.48 euros.
Terna Energy SA (TENERGY GA): The Greek renewable energy company was cut to “underweight” from “equal weight” by analysts at Barclays Plc. The shares declined 3.4 percent to 2.86 euros.
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