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

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s share price gapped down prior to trading on Monday. The stock had previously closed at $27.68, but opened at $26.59. NTT shares last traded at $27.5950, with a volume of 1,031 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded NTT from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, NTT has an average rating of “Buy”.

NTT Stock Down 0.1%

The business has a 50-day moving average of $27.02 and a 200-day moving average of $24.78. 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 stock has a market capitalization of $90.37 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 2.28 and a beta of 0.07.

NTT (OTCMKTS:NTTYY) last announced its earnings results on Thursday, August 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 10.45% and a net margin of 7.17%. On average, sell-side analysts expect that NTT Inc. – Sponsored ADR will post 2.09 EPS for the current year.

About NTT

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

NTT’s principal businesses include telecommunications services in Japan, global information and communications technology services, data and cloud platforms, and research and development in areas such as next-generation networks, artificial intelligence, and advanced communications technology.