Nippon Telegraph & Telephone Corp. (NYSE:NTT)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $48.08 and last traded at $47.91, with a volume of 138,084 shares changing hands. The stock had previously closed at $46.97.

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

The firm has a market cap of $103.26 billion and a price-to-earnings ratio of 14.50. The firm’s 50-day moving average is $44.41 and its 200 day moving average is $43.29.

Several institutional investors have recently modified their holdings of NTT. Bank of Montreal Can boosted 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 valued at $1,364,000 after buying an additional 30,094 shares during the last quarter. Deere & Co. boosted 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 valued at $1,716,000 after buying an additional 17,081 shares during the last quarter. Advisors Asset Management Inc. boosted 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 valued at $1,989,000 after buying an additional 1,945 shares during the last quarter. NorthCoast Asset Management LLC purchased a new position in shares of Nippon Telegraph & Telephone Corp. during the fourth quarter valued at approximately $4,548,000. Finally, Azimuth Capital Management LLC boosted 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 valued at $4,853,000 after buying an additional 10,050 shares during the last quarter.

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