Nippon Telegraph & Telephone Corp. (NYSE:NTT) gapped up prior to trading on Tuesday . The stock had previously closed at $45.58, but opened at $46.13. Nippon Telegraph & Telephone Corp. shares last traded at $46.77, with a volume of 73,838 shares changing hands.

Separately, Zacks Investment Research downgraded shares of Nippon Telegraph & Telephone Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 17th.

The firm’s 50 day moving average is $47.44 and its 200-day moving average is $44.89. The company has a market capitalization of $95.30 billion and a PE ratio of 12.62.

An institutional investor recently raised its position in Nippon Telegraph & Telephone Corp. stock. Bank of Montreal Can increased its stake in Nippon Telegraph & Telephone Corp. (NYSE:NTT) by 709.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,337 shares of the company’s stock after buying an additional 30,094 shares during the period. Bank of Montreal Can’s holdings in Nippon Telegraph & Telephone Corp. were worth $1,364,000 as of its most recent filing with the SEC.

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