Nippon Telegraph & Telephone Corp. (NYSE:NTT) gapped down prior to trading on Friday . The stock had previously closed at $46.02, but opened at $46.51. Nippon Telegraph & Telephone Corp. shares last traded at $47.29, with a volume of 111,765 shares traded.

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

The firm has a market capitalization of $99.42 billion and a P/E ratio of 14.30. The stock’s 50-day moving average price is $45.98 and its 200 day moving average price is $44.11.

A number of large investors have added to or reduced their stakes in NTT. 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 during the last quarter. WBI Investments Inc. acquired a new stake in Nippon Telegraph & Telephone Corp. during the fourth quarter worth about $7,381,000. Bank of Montreal Can increased its stake 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. increased its stake 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, Advisors Asset Management Inc. increased its stake in Nippon Telegraph & Telephone Corp. by 4.0% in the fourth quarter. Advisors Asset Management Inc. now owns 50,062 shares of the company’s stock worth $1,989,000 after buying an additional 1,945 shares during the last quarter.

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