Nippon Telegraph & Telephone Corp. (NTT) Sees Strong Trading Volume
Shares of Nippon Telegraph & Telephone Corp. (NYSE:NTT) saw an uptick in trading volume on Friday . 316,540 shares were traded during trading, an increase of 9% from the previous session’s volume of 290,004 shares.The stock last traded at $46.47 and had previously closed at $46.45.
Separately, Zacks Investment Research cut shares of Nippon Telegraph & Telephone Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th.
The firm’s 50-day moving average is $47.33 and its 200-day moving average is $44.92. The stock has a market capitalization of $93.65 billion and a price-to-earnings ratio of 12.26.
A hedge fund recently raised its stake in Nippon Telegraph & Telephone Corp. stock. Bank of Montreal Can increased its stake in shares of Nippon Telegraph & Telephone Corp. (NYSE:NTT) by 709.3% during the fourth quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period.
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