Nippon Telegraph & Telephone Corp. (NYSE:NTT) gapped up prior to trading on Tuesday . The stock had previously closed at $46.21, but opened at $46.32. Nippon Telegraph & Telephone Corp. shares last traded at $46.74, with a volume of 167,518 shares trading hands.

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

The firm’s 50 day moving average is $45.30 and its 200-day moving average is $43.77. The stock has a market capitalization of $98.04 billion and a price-to-earnings ratio of 13.90.

Other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley raised 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 valued at $98,246,000 after buying an additional 2,100,288 shares in the last quarter. WBI Investments Inc. bought a new position in Nippon Telegraph & Telephone Corp. during the fourth quarter valued at approximately $7,381,000. Bank of Montreal Can raised 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 valued at $1,364,000 after buying an additional 30,094 shares during the period. Deere & Co. raised 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 valued at $1,716,000 after buying an additional 17,081 shares during the period. Finally, Azimuth Capital Management LLC raised 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 valued at $4,853,000 after buying an additional 10,050 shares during the period.

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