Shares of 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 trading hands.

Separately, Zacks Investment Research upgraded 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 research report on Friday, June 17th.

The company has a market capitalization of $98.21 billion and a PE ratio of 12.9915. The firm has a 50-day moving average price of $47.06 and a 200 day moving average price of $44.57.

Several hedge funds and institutional investors have modified their holdings of NTT. WBI Investments Inc. acquired a new position in shares of Nippon Telegraph & Telephone Corp. during the fourth quarter worth about $7,381,000. Advisors Asset Management Inc. boosted 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 period. Finally, Bank of Montreal Can boosted 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 period.

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