NTT (OTCMKTS:NTTYY) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of NTT (OTCMKTS:NTTYY) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

NTT Stock Down 1.1%

NTTYY stock opened at $25.03 on Monday. The firm has a market capitalization of $81.82 billion, a PE ratio of 11.98, a P/E/G ratio of 4.26 and a beta of 0.04. The company has a quick ratio of 0.48, a current ratio of 0.51 and a debt-to-equity ratio of 1.11. NTT has a twelve month low of $21.47 and a twelve month high of $28.30. The stock’s 50 day moving average is $23.41 and its 200-day moving average is $23.95.

NTT (OTCMKTS:NTTYY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.07. NTT had a return on equity of 10.43% and a net margin of 7.17%.The business had revenue of $22.97 billion during the quarter, compared to the consensus estimate of $21.57 billion. Sell-side analysts expect that NTT will post 1.9 EPS for the current fiscal year.

NTT News Roundup

Here are the key news stories impacting NTT this week:

• Neutral Sentiment: Authorities have established two field hospitals, seven public kitchens and other emergency services for approximately 31,000 evacuees, while continuing recovery efforts after the earthquake. NTT quake – Two field hospitals set up to maintain health services Indonesia Sets Up Seven Public Kitchens for 31,000 NTT Earthquake Evacuees
• Neutral Sentiment: The provincial government reported that earthquake-relief donations had reached about US$244,000. Indonesia is also providing Rp100 billion in food aid and Rp5 million in assistance to each affected victim. NTT quake aid fund reaches US$244,000, provincial govt says Indonesia sends Rp100 billion in food aid to NTT earthquake victims
• Neutral Sentiment: More than 19,000 homes were reportedly damaged, and survivors continue to await aid as aftershocks persist. The government says it is mobilizing resources to accelerate recovery; a possible visit by President Prabowo remains under consideration. Over 19,000 Houses Damaged in NTT Quake Indonesia mobilizes full resources to fast-track NTT quake recovery

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.