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OTE Advances Share Buyback with Recent Acquisition

Story Highlights
  • Hellenic Telecommunications Organization S.A. purchased 250,687 own shares in March 2025.
  • The company now holds 1.799% of its total outstanding shares, enhancing market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
OTE Advances Share Buyback with Recent Acquisition

The latest update is out from Hellenic Telecom Organization SA ( (HLTOY) ).

Hellenic Telecommunications Organization S.A. announced the purchase of 250,687 of its own shares between February 28 and March 7, 2025, as part of its 2025 Own Share Buy Back Programme. This acquisition brings the company’s total holdings to 7,425,438 shares, representing 1.799% of the total outstanding shares, indicating a strategic move to consolidate its market position and potentially enhance shareholder value.

More about Hellenic Telecom Organization SA

Hellenic Telecommunications Organization S.A. (OTE) is a leading telecommunications provider in Greece, offering a range of services including fixed-line and mobile telephony, broadband, and television services. It primarily focuses on the Greek market and is a significant player in the telecommunications industry.

YTD Price Performance: 7.38%

Average Trading Volume: 2,547

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $6.65B

Learn more about HLTOY stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
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