NTT DOCOMO, Inc (NYSE:DCM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

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. “

A number of other research firms also recently weighed in on DCM. Cantor Fitzgerald downgraded NTT DOCOMO from an “overweight” rating to a “neutral” rating in a research report on Thursday, April 27th. BidaskClub downgraded NTT DOCOMO from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Goldman Sachs Group, Inc. (The) downgraded NTT DOCOMO from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.00.

NTT DOCOMO (NYSE DCM) traded down 0.13% during trading on Wednesday, hitting $23.41. The stock had a trading volume of 94,768 shares. The stock has a market capitalization of $86.72 billion, a P/E ratio of 15.10 and a beta of 0.12. The company has a 50-day moving average of $23.73 and a 200-day moving average of $23.93. NTT DOCOMO has a 52 week low of $21.96 and a 52 week high of $27.07.

NTT DOCOMO (NYSE:DCM) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.05. NTT DOCOMO had a net margin of 13.90% and a return on equity of 11.44%. The firm had revenue of $10.23 billion for the quarter. On average, equities analysts expect that NTT DOCOMO will post $1.56 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning increased its position 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 in the last quarter. Goldman Sachs Group Inc. increased its position in NTT DOCOMO by 13.3% in the first quarter. Goldman Sachs Group Inc. now owns 466,430 shares of the technology company’s stock valued at $10,891,000 after buying an additional 54,679 shares in the last quarter. Renaissance Technologies LLC increased its position in NTT DOCOMO by 9.8% in the first quarter. Renaissance Technologies LLC now owns 3,380,700 shares of the technology company’s stock valued at $78,939,000 after buying an additional 302,900 shares in the last quarter. Capstone Asset Management Co. increased its position in NTT DOCOMO by 3.7% in the first quarter. Capstone Asset Management Co. now owns 127,712 shares of the technology company’s stock valued at $2,982,000 after buying an additional 4,520 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in NTT DOCOMO by 8.8% in the first quarter. TD Asset Management Inc. now owns 72,555 shares of the technology company’s stock valued at $1,287,000 after buying an additional 5,899 shares in the last quarter. Hedge funds and other institutional investors own 0.55% 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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