OTE Buys Back Shares to Fortify Market Position

Hellenic Telecom Organization SA ( (HLTOY) ) has issued an update.

Hellenic Telecommunications Organization S.A. announced the purchase of 66,753 own shares between December 30, 2024, and January 7, 2025, as part of its 2024 Own Share Buy Back Programme. This acquisition reflects the company’s strategic efforts to enhance shareholder value, and it now holds 1.716% of its total outstanding shares, indicating a strong position within its regulatory framework.

More about Hellenic Telecom Organization SA

Hellenic Telecommunications Organization S.A, commonly referred to as OTE, operates in the telecommunications industry, offering a range of services including fixed-line and mobile telephony, broadband, and digital television. The company primarily focuses on the Greek market and is a leading provider in the region.

YTD Price Performance: 0.70%

Average Trading Volume: 2,361

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $6.24B

See more data about HLTOY stock on TipRanks’ Stock Analysis page.