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

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

The firm’s 50-day moving average is $44.71 and its 200-day moving average is $43.39. The firm has a market capitalization of $101.75 billion and a P/E ratio of 14.01.

Other large investors have bought and sold shares of the company. Morgan Stanley increased its stake 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 in the last quarter. LSV Asset Management increased its stake in Nippon Telegraph & Telephone Corp. by 1.6% in the fourth quarter. LSV Asset Management now owns 467,300 shares of the company’s stock worth $18,570,000 after buying an additional 7,200 shares in the last quarter. Renaissance Group LLC increased its stake in Nippon Telegraph & Telephone Corp. by 1.1% in the fourth quarter. Renaissance Group LLC now owns 363,326 shares of the company’s stock worth $14,439,000 after buying an additional 3,816 shares in the last quarter. WBI Investments Inc. acquired a new stake in Nippon Telegraph & Telephone Corp. during the fourth quarter worth $7,381,000. Finally, TD Asset Management Inc. increased its stake in Nippon Telegraph & Telephone Corp. by 6.0% in the fourth quarter. TD Asset Management Inc. now owns 166,895 shares of the company’s stock worth $5,798,000 after buying an additional 9,390 shares in 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.