Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Hellenic Telecom Organization experienced a significant surge in trading volume, with 280,906 shares traded, an increase of 7,588% over the previous session.
• The company reported $1.06 billion in revenue for the quarter, exceeding analyst estimates of $908.46 million, alongside an EPS of $0.18 that matched expectations.
• Hellenic Telecom recently increased its dividend to $0.3455 per share, reflecting a robust dividend yield of 358.0%, up from the previous $0.33.

Hellenic Telecom Organization SA (OTCMKTS:HLTOY - Get Free Report) shares saw strong trading volume on Thursday . 280,906 shares changed hands during trading, an increase of 7,588% from the previous session's volume of 3,654 shares.The stock last traded at $9.80 and had previously closed at $9.61.

Hellenic Telecom Organization Trading Up 2.0%

The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average is $9.27 and its 200 day moving average is $9.10.

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.18 EPS for the quarter, meeting analysts' consensus estimates of $0.18. Hellenic Telecom Organization had a net margin of 12.39% and a return on equity of 26.09%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $908.46 million.

Hellenic Telecom Organization Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 21st. Investors of record on Friday, July 4th were paid a dividend of $0.3455 per share. This is a boost from Hellenic Telecom Organization's previous dividend of $0.33. This represents a dividend yield of 358.0%. The ex-dividend date was Thursday, July 3rd.

About Hellenic Telecom Organization

Hellenic Telecommunications Organization SA provides telecommunications and related services to businesses and individuals primarily in Greece and Romania. It operates through OTE, COSMOTE Group, and Telekom Romania Mobile segments. The company offers fixed-line, Internet access, ICT, and TV production services; and international carrier services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.