Nippon Telegraph & Telephone Corp. (NYSE:NTT) shares saw strong 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 downgraded shares of Nippon Telegraph & Telephone Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th.

The stock has a market capitalization of $93.65 billion and a P/E ratio of 12.26. The firm’s 50-day moving average price is $47.25 and its 200-day moving average price is $44.93.

An institutional investor recently raised its position in Nippon Telegraph & Telephone Corp. stock. Bank of Montreal Can boosted its position in shares of Nippon Telegraph & Telephone Corp. (NYSE:NTT) by 709.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent filing with the SEC.

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