NTT (OTCMKTS:NTTYY) Shares Gap Down – Should You Sell?
by Tristan Rich · The Markets DailyNTT Inc. – Sponsored ADR (OTCMKTS:NTTYY – Get Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $28.25, but opened at $27.37. NTT shares last traded at $28.63, with a volume of 4,641 shares traded.
Analysts Set New Price Targets
Separately, Zacks Research cut NTT from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, NTT presently has an average rating of “Hold”.
View Our Latest Research Report on NTT
NTT Stock Up 1.2%
The firm’s 50 day simple moving average is $24.86 and its 200-day simple moving average is $24.19. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $93.42 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 2.58 and a beta of 0.05.
NTT (OTCMKTS:NTTYY – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07. The company had revenue of $22.97 billion during the quarter, compared to analysts’ expectations of $21.57 billion. NTT had a return on equity of 10.43% and a net margin of 7.17%. Equities 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 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.