Nippon Telegraph & Telephone Corp. (NYSE:NTT) shares were down 1.1% on Monday . The company traded as low as $45.35 and last traded at $45.47, with a volume of 206,167 shares changing hands. The stock had previously closed at $45.97.

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 objective for the company in a report on Friday, June 17th.

The firm’s 50-day moving average price is $47.25 and its 200-day moving average price is $44.93. The stock has a market capitalization of $92.85 billion and a P/E ratio of 12.15.

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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