NTT (OTCMKTS:NTTYY) Shares Gap Down – Here’s Why

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $28.00, but opened at $26.65. NTT shares last traded at $28.00, with a volume of 12,941 shares traded.

Wall Street Analysts Forecast Growth

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

NTT Trading Down 1.0%

The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $90.28 billion, a PE ratio of 13.22, a PEG ratio of 2.60 and a beta of 0.05. The stock’s fifty day simple moving average is $25.83 and its 200 day simple moving average is $24.45.

NTT (OTCMKTS:NTTYY) last released its earnings results on Thursday, August 6th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. NTT had a net margin of 7.17% and a return on equity of 10.45%. The company had revenue of $22.97 billion for the quarter, compared to analysts’ expectations of $21.57 billion. On average, sell-side analysts predict 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.