NTT (OTCMKTS:NTTYY – Get Free Report) announced its earnings results on Friday. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01, Zacks reports. NTT had a net margin of 7.66% and a return on equity of 10.50%.
NTT Stock Up 0.3%
Shares of NTTYY traded up $0.07 during midday trading on Friday, hitting $24.15. The company had a trading volume of 167,308 shares, compared to its average volume of 161,058. The company’s 50-day simple moving average is $24.28 and its 200-day simple moving average is $24.78. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.55 and a current ratio of 0.59. The firm has a market capitalization of $78.94 billion, a P/E ratio of 11.08 and a beta of 0.05. NTT has a 1 year low of $23.31 and a 1 year high of $28.70.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lowered NTT from a “buy” rating to a “hold” rating in a research note on Friday, February 6th. Zacks Research raised NTT to a “hold” rating in a report on Wednesday, April 29th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
About NTT
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.
Recommended Stories
Receive News & Ratings for NTT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NTT and related companies with MarketBeat.com's FREE daily email newsletter.
