Nippon Telegraph & Telephone Corp. (NYSE:NTT) shares fell 0.8% during trading on Friday . The company traded as low as $47.90 and last traded at $48.35, with a volume of 177,669 shares trading hands. The stock had previously closed at $48.74.

Separately, Zacks Investment Research lowered Nippon Telegraph & Telephone Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th.

The stock has a market capitalization of $101.75 billion and a price-to-earnings ratio of 14.21. The company’s 50-day moving average price is $44.55 and its 200 day moving average price is $43.33.

Several hedge funds and institutional investors have recently bought and sold shares of NTT. Morgan Stanley increased its position in Nippon Telegraph & Telephone Corp. by 564.7% in the fourth quarter. Morgan Stanley now owns 2,472,245 shares of the company’s stock worth $98,246,000 after buying an additional 2,100,288 shares during the last quarter. WBI Investments Inc. purchased a new position in Nippon Telegraph & Telephone Corp. during the fourth quarter worth about $7,381,000. NorthCoast Asset Management LLC purchased a new position in Nippon Telegraph & Telephone Corp. during the fourth quarter worth about $4,548,000. Bank of Montreal Can increased its position in 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. Finally, Deere & Co. increased its position in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.