NTT (OTCMKTS:NTTYY) Shares Gap Down – What’s Next?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $27.12, but opened at $26.25. NTT shares last traded at $27.22, with a volume of 514,763 shares trading hands.

Analysts Set New Price Targets

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

NTT Stock Up 0.3%

The firm’s 50 day moving average is $26.18 and its 200-day moving average is $24.54. 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 cap of $88.94 billion, a PE ratio of 13.02, a P/E/G ratio of 2.55 and a beta of 0.05.

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

NTT Company Profile

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Through its group companies, NTT provides mobile and fixed-line communications, broadband internet, data center and cloud services, systems integration, cybersecurity, and other digital solutions for consumers, businesses, and government organizations.

NTT’s principal businesses include mobile communications through NTT DOCOMO, enterprise technology and consulting services through NTT DATA, regional telecommunications services through its NTT East and NTT West subsidiaries, and global network, cloud, and managed services.