Barclays cuts target to EUR 18.00 for OTE stock

Published on 10/22/2026 at 14:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Optima set a EUR 22.50 target on October 13, 2026. OTE stock costs EUR 19.31 on October 22, 2026, 14.18 percent below that target.

Analyst revision and company dates

Barclays cut its target from EUR 20.00 to EUR 18.00 on October 20, 2026.
OTE reported EUR 855.80 million in second-quarter revenue and EUR 145.00 million in net income.
OTE stock trades at EUR 19.31 at 2:10 p.m. CEST at Lang & Schwarz on October 22, 2026.
OTE will release third-quarter 2026 results on October 30, 2026.

OTE, GRS260333000, Illustration mit AI erstellt.

OTE (GRS260333000) was trading at EUR 19.31 at Lang & Schwarz on October 22, 2026, at 2:10 p.m. CEST. The latest analyst change came from Barclays, which cut its target from EUR 20.00 to EUR 18.00 and lowered its recommendation from overweight to underweight on October 20, 2026, according to Zonebourse.

What did Barclays change?

The revision puts the latest target below the current Lang & Schwarz quote, while OTE's upcoming results provide the next company-specific test. The distance between EUR 19.31 and Barclays' EUR 18.00 target is 7.28 percent above the target.

Optima Bank took the opposite view on October 13, 2026, reinitiating coverage with a Buy rating and a EUR 22.50 target. Euro2day reported that the broker expected adjusted EBITDA AL to rise 3.00 percent in 2026 and projected a EUR 0.90 dividend per share for 2026.

Q2 revenue sets the base

OTE's second-quarter 2026 revenue reached EUR 855.80 million, down 0.42 percent from the previous quarter, while net income was EUR 145.00 million, according to TradingView. The figures give investors a concrete operating base for judging whether the third-quarter update can support either the lower Barclays valuation or the higher Optima case.

Three dated valuation steps

On July 29, 2026, OTE's second-quarter revenue was EUR 855.80 million. On October 13, 2026, Optima set a EUR 22.50 target. On October 20, 2026, Barclays cut its target from EUR 20.00 to EUR 18.00, according to Zonebourse.

What dates matter next?

OTE is scheduled to publish its third-quarter 2026 financial results before the market opens on October 30, 2026. Management is due to hold an investor conference call at 1:00 p.m. Athens time that day, according to the Investegate announcement.

Stock price stays in view

The analyst split leaves the next earnings release as the clearest near-term event for testing OTE's operating momentum. The current quote sits between the EUR 18.00 Barclays target and the EUR 22.50 Optima target.

OTE was trading at EUR 19.31 at Lang & Schwarz on October 22, 2026, at 2:10 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of OTE stock.