Nippon Telegraph & Telephone Corp. (NYSE:NTT) saw unusually-high trading volume on Wednesday . Approximately 385,292 shares changed hands 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 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 firm’s 50 day moving average is $47.51 and its 200-day moving average is $44.84. The stock has a market cap of $93.48 billion and a price-to-earnings ratio of 12.36.

An institutional investor recently raised its position in Nippon Telegraph & Telephone Corp. stock. Advisors Asset Management Inc. boosted its stake in Nippon Telegraph & Telephone Corp. (NYSE:NTT) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,062 shares of the company’s stock after buying an additional 1,945 shares during the period. Advisors Asset Management Inc.’s holdings in Nippon Telegraph & Telephone Corp. were worth $1,989,000 as of its most recent SEC filing.

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