Shares of Nippon Telegraph & Telephone Corp. (NYSE:NTT) traded down 3.5% on Monday . The company traded as low as $46.26 and last traded at $46.27, with a volume of 128,513 shares. The stock had previously closed at $47.96.

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 on the stock in a report on Friday, June 17th.

The firm has a 50 day moving average price of $46.67 and a 200-day moving average price of $44.36. The stock has a market cap of $94.58 billion and a price-to-earnings ratio of 12.65.

A number of institutional investors recently made changes to their positions in the stock. Bank of Montreal Can increased its position in shares of 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. Advisors Asset Management Inc. increased its position in shares of 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 period. Finally, WBI Investments Inc. bought a new stake in shares of Nippon Telegraph & Telephone Corp. during the fourth quarter valued at about $7,381,000.

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