NTT (OTCMKTS:NTTYY) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of NTT (OTCMKTS:NTTYY) to a hold rating in a report released on Wednesday,Zacks.com reports.

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

NTT Stock Performance

OTCMKTS:NTTYY opened at $24.30 on Wednesday. The company has a market capitalization of $79.42 billion, a P/E ratio of 11.14 and a beta of 0.06. The business has a fifty day simple moving average of $24.28 and a two-hundred day simple moving average of $24.81. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.59 and a quick ratio of 0.55. NTT has a 1 year low of $23.31 and a 1 year high of $28.70.

NTT (OTCMKTS:NTTYY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. NTT had a return on equity of 10.50% and a net margin of 7.66%.The company had revenue of $23.29 billion during the quarter, compared to the consensus estimate of $23.07 billion. On average, analysts expect that NTT will post 1.8 earnings per share for the current year.

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.