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

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $27.89, but opened at $28.95. NTT shares last traded at $27.84, with a volume of 3,872 shares changing hands.

Analyst Ratings Changes

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

NTT Trading Up 1.7%

The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.46 and a current ratio of 0.49. The company’s 50 day moving average is $25.92 and its 200 day moving average is $24.48. The stock has a market capitalization of $91.20 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 2.60 and a beta of 0.05.

NTT (OTCMKTS:NTTYY) last posted 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. The company had revenue of $22.97 billion for the quarter, compared to analyst estimates of $21.57 billion. NTT had a net margin of 7.17% and a return on equity of 10.45%. On average, research analysts forecast that NTT Inc. – Sponsored ADR will post 2.07 EPS for the current fiscal 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.