Shares of Nippon Telegraph & Telephone Corp. (NYSE:NTT) saw an uptick in trading volume on Monday . 450,286 shares were traded during mid-day trading, an increase of 26% from the previous session’s volume of 357,710 shares.The stock last traded at $48.04 and had previously closed at $47.43.

Separately, Zacks Investment Research raised shares of Nippon Telegraph & Telephone Corp. from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Friday, June 17th.

The company has a 50 day moving average of $46.11 and a 200 day moving average of $44.23. The company has a market capitalization of $100.87 billion and a price-to-earnings ratio of 14.42.

Several hedge funds and institutional investors recently added to or reduced their stakes in the stock. Morgan Stanley increased 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 valued at $7,381,000. Bank of Montreal Can increased 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 last quarter. Deere & Co. increased 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 last quarter. Finally, Advisors Asset Management Inc. increased its position 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 valued at $1,989,000 after buying an additional 1,945 shares during the last quarter.

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