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OTE Enhances Shareholder Value with Strategic Buyback
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OTE Enhances Shareholder Value with Strategic Buyback

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

Hellenic Telecommunications Organization S.A has executed a buyback of 93,100 own shares as part of its 2024 Own Share Buy Back Programme. This action increases the company’s treasury shares to 7,174,751, which constitutes 1.739% of the total outstanding shares, potentially enhancing shareholder value and signaling confidence in the company’s future performance.

More about Hellenic Telecom Organization SA

Hellenic Telecommunications Organization S.A (OTE) operates in the telecommunications industry, providing a range of services including fixed-line and mobile telephony, broadband services, and satellite communications primarily in Greece.

YTD Price Performance: 0.69%

Average Trading Volume: 2,231

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $6.26B

For an in-depth examination of HLTOY stock, go to TipRanks’ Stock Analysis page.

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