NTT (OTCMKTS:NTTYY) Shares Gap Down – Here’s What Happened

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $24.6520, but opened at $23.80. NTT shares last traded at $24.7125, with a volume of 13,494 shares traded.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lowered shares of NTT from a “buy” rating to a “hold” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

NTT Trading Up 0.4%

The company has a quick ratio of 0.55, a current ratio of 0.59 and a debt-to-equity ratio of 1.29. The firm has a 50 day moving average price of $24.66 and a 200 day moving average price of $25.22. The stock has a market capitalization of $80.84 billion, a PE ratio of 11.34 and a beta of 0.08.

NTT (OTCMKTS:NTTYY) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. NTT had a net margin of 7.66% and a return on equity of 10.50%. The firm had revenue of $23.29 billion for the quarter, compared to the consensus estimate of $23.07 billion.

NTT Company Profile

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Established as a state-owned entity in 1952 and privatized in 1985, NTT provides a broad array of network services and IT solutions. The company’s core offerings include fixed?line and mobile communications, high?speed internet services, and network management for enterprise and consumer customers.

NTT’s business operations are organized across several key subsidiaries.