NTT (OTCMKTS:NTTYY) Shares Up 4.3% – What’s Next?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was up 4.3% on Friday. The company traded as high as $26.85 and last traded at $26.38. 343 shares were traded during trading, a decline of 100% from the average daily volume of 150,607 shares. The stock had previously closed at $25.30.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of NTT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NTT has a consensus rating of “Buy”.

NTT Stock Performance

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 firm has a market capitalization of $86.04 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 2.16 and a beta of 0.07. The firm’s 50 day moving average price is $27.39 and its 200-day moving average price is $24.97.

NTT (OTCMKTS:NTTYY) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). The business had revenue of $23.63 billion during the quarter, compared to analysts’ expectations of $23.12 billion. NTT had a net margin of 6.29% and a return on equity of 9.10%. On average, research analysts expect that NTT Inc. – Sponsored ADR will post 2.08 EPS for the current year.

About NTT

NTT, formally Nippon Telegraph and Telephone Corporation, is a Japanese telecommunications and information technology company. Its businesses include fixed-line and mobile communications, internet and network services, systems integration, cloud computing, data centers, and other information and communications technology solutions. The company traces its origins to Japan’s Nippon Telegraph and Telephone Public Corporation, established in 1952. It was reorganized as a private corporation in 1985 and has since developed a broad portfolio of communications and technology businesses.