Zacks Investment Research lowered shares of NTT DOCOMO, Inc (NYSE:DCM) from a hold rating to a sell rating in a research note published on Thursday morning.

According to Zacks, “NTT DoCoMo is the world’s leading mobile communications company. The company provides a wide variety of leading-edge mobile multimedia services. These include i-mode, the world’s most popular mobile Internet service, which provides e-mail and Internet access, and FOMA, launched in 2001 as the world’s first 3G mobile service. The company is expanding its global reach through strategic joint ventures and other alliances with mobile and multimedia service providers in the Asia-Pacific region, Europe and North America. “

Other analysts also recently issued reports about the company. Goldman Sachs Group, Inc. (The) downgraded NTT DOCOMO from a buy rating to a neutral rating in a research report on Tuesday, May 30th. Cantor Fitzgerald downgraded NTT DOCOMO from an overweight rating to a neutral rating in a research report on Thursday, April 27th. J P Morgan Chase & Co downgraded NTT DOCOMO from an overweight rating to a neutral rating in a research report on Tuesday, March 7th. Finally, BidaskClub downgraded NTT DOCOMO from a hold rating to a sell rating in a research report on Saturday, June 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $27.00.

NTT DOCOMO (NYSE:DCM) opened at 24.66 on Thursday. The firm has a 50-day moving average of $24.42 and a 200 day moving average of $23.83. NTT DOCOMO has a one year low of $21.96 and a one year high of $28.43. The company has a market capitalization of $91.36 billion, a price-to-earnings ratio of 15.66 and a beta of 0.14.

NTT DOCOMO (NYSE:DCM) last released its earnings results on Thursday, April 27th. The technology company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.05. NTT DOCOMO had a return on equity of 11.89% and a net margin of 14.37%. The business had revenue of $9.81 billion for the quarter. Equities research analysts predict that NTT DOCOMO will post $1.56 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. increased its stake in NTT DOCOMO by 12.1% in the first quarter. Sei Investments Co. now owns 4,848 shares of the technology company’s stock valued at $113,000 after buying an additional 525 shares during the period. Creative Planning increased its stake in NTT DOCOMO by 1.4% in the first quarter. Creative Planning now owns 8,215 shares of the technology company’s stock valued at $192,000 after buying an additional 112 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in NTT DOCOMO during the first quarter valued at $212,000. Strategic Global Advisors LLC purchased a new stake in NTT DOCOMO during the first quarter valued at $218,000. Finally, First Republic Investment Management Inc. increased its stake in NTT DOCOMO by 2.7% in the fourth quarter. First Republic Investment Management Inc. now owns 9,830 shares of the technology company’s stock valued at $224,000 after buying an additional 259 shares during the last quarter. Institutional investors and hedge funds own 0.54% of the company’s stock.

About NTT DOCOMO

NTT DOCOMO, INC. (DOCOMO) is a mobile telecommunications carrier. The Company operates through three segments: telecommunications business, smart life business and other businesses. The telecommunications business segment includes mobile phone services (long-term evolution (LTE) (Xi) services and freedom of mobile multimedia access (FOMA) services), optical-fiber broadband service, satellite mobile communications services, international services and equipment sales related to these services.

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