Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Up 0.8% - Here's What Happened

Key Points

• Hellenic Telecom Organization's stock rose by 0.8% to $9.45, with trading volume increasing 745% compared to its average session.
• The firm reported a net margin of 12.39% and met earnings expectations with $0.18 per share for the last quarter, alongside a revenue of $1.06 billion.
• A recent dividend of $0.3455 has been declared, which is an increase from the previous dividend of $0.33, representing a substantial yield.

Hellenic Telecom Organization SA (OTCMKTS:HLTOY - Get Free Report)'s stock price shot up 0.8% on Monday . The company traded as high as $9.45 and last traded at $9.45. 12,676 shares changed hands during mid-day trading, an increase of 745% from the average session volume of 1,501 shares. The stock had previously closed at $9.38.

Hellenic Telecom Organization Price Performance

The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $9.30 and a two-hundred day moving average price of $8.98.

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The utilities provider reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $908.46 million. Hellenic Telecom Organization had a return on equity of 25.84% and a net margin of 12.39%.

Hellenic Telecom Organization Increases Dividend

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

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.

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