Shares of Nippon Telegraph & Telephone Corp. (NYSE:NTT) gapped down prior to trading on Wednesday . The stock had previously closed at $46.87, but opened at $47.37. Nippon Telegraph & Telephone Corp. shares last traded at $48.11, with a volume of 143,711 shares trading hands.

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

The stock’s 50 day moving average is $47.06 and its 200 day moving average is $44.57. The stock has a market cap of $97.90 billion and a PE ratio of 12.95.

Several hedge funds recently bought and sold shares of NTT. Calvert Investment Management Inc. increased its stake in Nippon Telegraph & Telephone Corp. by 0.3% in the fourth quarter. Calvert Investment Management Inc. now owns 191,613 shares of the company’s stock valued at $7,615,000 after buying an additional 574 shares during the last quarter. 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 valued at $1,364,000 after buying an additional 30,094 shares during the last quarter. WBI Investments Inc. bought a new stake in Nippon Telegraph & Telephone Corp. during the fourth quarter valued at $7,381,000. 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 valued at $1,989,000 after buying an additional 1,945 shares during the last quarter.

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