Nippon Telegraph & Telephone Corp. (NYSE:NTT) shares saw unusually-high trading volume on Wednesday . Approximately 385,292 shares were traded during trading, an increase of 44% from the previous session’s volume of 266,841 shares.The stock last traded at $47.74 and had previously closed at $48.01.

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

The stock has a market capitalization of $97.78 billion and a P/E ratio of 12.93. The stock’s 50-day moving average is $47.52 and its 200 day moving average is $44.83.

A number of large investors recently made changes to their positions in NTT. Bank of Montreal Can boosted its stake 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 worth $1,364,000 after buying an additional 30,094 shares during the last quarter. Advisors Asset Management Inc. boosted its stake 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 worth $1,989,000 after buying an additional 1,945 shares during the last quarter. Finally, Calvert Investment Management Inc. boosted its stake in shares of 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 worth $7,615,000 after buying an additional 574 shares during the last quarter.

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