Nippon Telegraph & Telephone Corp. (NYSE:NTT) saw unusually-strong trading volume on Wednesday . Approximately 489,477 shares traded hands during trading, an increase of 31% from the previous session’s volume of 372,622 shares.The stock last traded at $49.12 and had previously closed at $47.87.

Separately, Zacks Investment Research raised shares of Nippon Telegraph & Telephone Corp. from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Friday, June 17th.

The stock has a 50 day moving average price of $44.41 and a 200-day moving average price of $43.29. The firm has a market capitalization of $103.26 billion and a price-to-earnings ratio of 14.50.

Several institutional investors have made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of Nippon Telegraph & Telephone Corp. by 709.3% in the fourth quarter. Bank of Montreal Can now owns 34,337 shares of the company’s stock worth $1,364,000 after buying an additional 30,094 shares during the last quarter. Deere & Co. raised its position in shares of Nippon Telegraph & Telephone Corp. by 65.4% in the fourth quarter. Deere & Co. now owns 43,180 shares of the company’s stock worth $1,716,000 after buying an additional 17,081 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Nippon Telegraph & Telephone Corp. by 4.0% in the fourth quarter. Advisors Asset Management Inc. now owns 50,062 shares of the company’s stock worth $1,989,000 after buying an additional 1,945 shares during the last quarter. NorthCoast Asset Management LLC acquired a new position in shares of Nippon Telegraph & Telephone Corp. during the fourth quarter worth about $4,548,000. Finally, Azimuth Capital Management LLC raised its position in shares of Nippon Telegraph & Telephone Corp. by 9.0% in the fourth quarter. Azimuth Capital Management LLC now owns 122,125 shares of the company’s stock worth $4,853,000 after buying an additional 10,050 shares during the last quarter.

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