NTT (OTCMKTS:NTTYY) Sets New 12-Month Low – Here’s What Happened

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s stock price hit a new 52-week low on Monday . The company traded as low as $22.71 and last traded at $23.0460, with a volume of 7564 shares changing hands. The stock had previously closed at $22.76.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of NTT to a “hold” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, NTT currently has a consensus rating of “Hold”.

NTT Trading Down 0.3%

The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.11. The stock has a market cap of $74.76 billion, a P/E ratio of 10.89 and a beta of 0.03. The firm’s 50-day simple moving average is $23.96 and its 200 day simple moving average is $24.51.

NTT (OTCMKTS:NTTYY) last posted its earnings results on Friday, May 8th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. NTT had a net margin of 7.26% and a return on equity of 10.39%. The firm had revenue of $25.46 billion during the quarter, compared to analysts’ expectations of $24.01 billion. As a group, equities research analysts anticipate that NTT Inc. – Sponsored ADR will post 1.76 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.