Nippon Telegraph & Telephone Corp. (NYSE:NTT) gapped up before the market opened on Tuesday . The stock had previously closed at $45.93, but opened at $46.43. Nippon Telegraph & Telephone Corp. shares last traded at $47.24, with a volume of 110,897 shares traded.

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

The company has a market cap of $96.50 billion and a price-to-earnings ratio of 12.76. The company has a 50 day moving average price of $46.92 and a 200 day moving average price of $44.54.

Other institutional investors have made changes to their positions in the company. WBI Investments Inc. acquired a new position in shares of Nippon Telegraph & Telephone Corp. during the fourth quarter valued at about $7,381,000. Bank of Montreal Can boosted 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. Finally, Advisors Asset Management Inc. boosted 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.

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