NTT Docomo Inc. (NYSE:DCM) shares gapped down before the market opened on Friday . The stock had previously closed at $26.67, but opened at $26.92. NTT Docomo shares last traded at $27.26, with a volume of 36,151 shares trading hands.

Separately, Zacks Investment Research raised NTT Docomo from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a research note on Friday, June 17th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $29.00.

The stock has a market capitalization of $102.66 billion and a P/E ratio of 20.34. The firm has a 50 day moving average price of $26.60 and a 200-day moving average price of $24.14.

Several hedge funds and institutional investors have recently added to or reduced their stakes in the stock. TD Asset Management Inc. boosted its position in NTT Docomo by 81.6% in the fourth quarter. TD Asset Management Inc. now owns 96,430 shares of the company’s stock worth $1,711,000 after buying an additional 43,333 shares during the period. PNC Financial Services Group Inc. boosted its position in NTT Docomo by 7,432.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 103,351 shares of the company’s stock worth $2,118,000 after buying an additional 101,979 shares during the period. Finally, Comerica Bank boosted its position in NTT Docomo by 4.2% in the fourth quarter. Comerica Bank now owns 221,119 shares of the company’s stock worth $4,484,000 after buying an additional 8,954 shares during the period.

NTT DOCOMO, INC. (DOCOMO) is a mobile telecommunications carrier. The Company operates through three segments: telecommunications business, smart life business and other businesses. Its telecommunications business includes those from mobile phone services, optical-fiber broadband service, satellite mobile communications services, international services and equipment sales related to these services.

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