NTT (OTCMKTS:NTTYY) Sets New 1-Year High – Here’s Why

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $29.98 and last traded at $28.75, with a volume of 77766 shares. The stock had previously closed at $28.40.

Analyst Ratings Changes

Separately, Zacks Research lowered NTT from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

NTT Stock Performance

The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 1.07. The stock’s 50 day moving average price is $25.32 and its two-hundred day moving average price is $24.31. The firm has a market capitalization of $92.41 billion, a PE ratio of 13.53, a PEG ratio of 2.66 and a beta of 0.05.

NTT (OTCMKTS:NTTYY) last posted its earnings results on Thursday, August 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. The firm had revenue of $22.97 billion for the quarter, compared to analyst estimates of $21.57 billion. NTT had a return on equity of 10.45% and a net margin of 7.17%. On average, equities analysts expect that NTT Inc. – Sponsored ADR will post 2.07 earnings per share for the current year.

About NTT

Nippon Telegraph and Telephone Corporation (NTT) is a Japanese telecommunications and technology company. Through its subsidiaries and affiliated companies, NTT provides fixed-line and mobile communications, broadband internet, network infrastructure, data centers, cloud computing, cybersecurity, and systems integration services.

NTT’s principal operating businesses include NTT DOCOMO’s mobile communications and consumer services, NTT DATA’s information technology and consulting services, and regional telecommunications operations serving customers across Japan.