Nippon Telegraph & Telephone Corp. (NYSE:NTT) shares saw strong trading volume on Wednesday . 311,213 shares were traded during mid-day trading, a decline of 21% from the previous session’s volume of 395,241 shares.The stock last traded at $47.13 and had previously closed at $47.61.

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

The stock has a 50-day moving average price of $45.06 and a 200 day moving average price of $43.57. The company has a market capitalization of $98.64 billion and a price-to-earnings ratio of 13.54.

A number of institutional investors have bought and sold shares of NTT. Morgan Stanley boosted 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. acquired a new position in Nippon Telegraph & Telephone Corp. during the fourth quarter worth approximately $7,381,000. Bank of Montreal Can boosted 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. Deere & Co. boosted 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. Finally, Azimuth Capital Management LLC boosted its position in 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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