NTT (OTCMKTS:NTTYY) Issues Earnings Results, Beats Expectations By $0.01 EPS

NTT (OTCMKTS:NTTYY) released its quarterly earnings data on Friday. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01, Zacks reports. NTT had a return on equity of 10.50% and a net margin of 7.66%.The business had revenue of $25.46 billion during the quarter, compared to the consensus estimate of $24.01 billion.

NTT Stock Up 0.3%

OTCMKTS:NTTYY opened at $24.15 on Friday. 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 company has a market cap of $78.94 billion, a PE ratio of 11.50 and a beta of 0.05. NTT has a 52-week low of $23.31 and a 52-week high of $28.70. The stock has a 50-day simple moving average of $24.28 and a 200 day simple moving average of $24.78.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Zacks Research upgraded NTT to a “hold” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft downgraded NTT from a “buy” rating to a “hold” rating in a report on Friday, February 6th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company 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.