Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Gap Up - What's Next?

Key Points

• Hellenic Telecom Organization's stock price increased from $9.80 to $10.19 before trading, reflecting a significant gain of 2.1%.
• The company reported $1.06 billion in revenue for the last quarter, exceeding the consensus estimate of $908.46 million, while also hitting earnings of $0.18 per share.
• Hellenic Telecom increased its dividend to $0.3455 per share, resulting in a dividend yield of 358.0%, up from its previous dividend of $0.33.

Hellenic Telecom Organization SA (OTCMKTS:HLTOY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $9.80, but opened at $10.19. Hellenic Telecom Organization shares last traded at $10.19, with a volume of 100 shares traded.

Hellenic Telecom Organization Price Performance

The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.75 and a current ratio of 0.78. The stock's 50 day moving average price is $9.31 and its two-hundred day moving average price is $9.16.

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.18 earnings per share for the quarter, hitting 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 during the quarter, compared to analysts' expectations of $908.46 million.

Hellenic Telecom Organization Increases Dividend

The company also recently announced a dividend, which was paid on Monday, July 21st. Shareholders of record on Friday, July 4th were paid a $0.3455 dividend. This represents a yield of 358.0%. The ex-dividend date of this dividend was Thursday, July 3rd. This is an increase from Hellenic Telecom Organization's previous dividend of $0.33.

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.