Nippon Telegraph & Telephone Corp. (NYSE:NTT) gapped up before the market opened 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 lowered Nippon Telegraph & Telephone Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 17th.

The stock has a market capitalization of $94.22 billion and a price-to-earnings ratio of 12.33. The firm’s 50 day moving average price is $47.41 and its 200 day moving average price is $44.90.

An institutional investor recently raised its position in Nippon Telegraph & Telephone Corp. stock. Advisors Asset Management Inc. boosted its position in shares of Nippon Telegraph & Telephone Corp. (NYSE:NTT) by 4.0% during the fourth quarter, according to its most recent disclosure with the 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 at the end of the most recent reporting period.

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