Zacks Investment Research downgraded shares of NTT DOCOMO, Inc (NYSE:DCM) from a buy rating to a hold rating in a report released on Friday 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. “

Separately, BidaskClub cut shares of NTT DOCOMO from a hold rating to a sell rating in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $26.00.

NTT DOCOMO (DCM) opened at 24.39 on Friday. The firm has a 50 day moving average of $23.19 and a 200-day moving average of $23.68. NTT DOCOMO has a 52 week low of $21.96 and a 52 week high of $25.42. The stock has a market capitalization of $90.35 billion, a PE ratio of 15.43 and a beta of 0.13.

NTT DOCOMO (NYSE:DCM) last issued its earnings results on Thursday, July 27th. The technology company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.05). The business had revenue of $10.23 billion during the quarter. NTT DOCOMO had a net margin of 13.57% and a return on equity of 10.97%. On average, equities analysts predict that NTT DOCOMO will post $1.56 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in DCM. Bank of New York Mellon Corp increased its position in NTT DOCOMO by 85.1% during the first quarter. Bank of New York Mellon Corp now owns 60,380 shares of the technology company’s stock worth $1,410,000 after purchasing an additional 27,764 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in NTT DOCOMO by 2.2% during the first quarter. UBS Asset Management Americas Inc. now owns 113,707 shares of the technology company’s stock worth $2,655,000 after purchasing an additional 2,449 shares during the last quarter. Sei Investments Co. increased its position in NTT DOCOMO by 12.1% during the first quarter. Sei Investments Co. now owns 4,848 shares of the technology company’s stock worth $113,000 after purchasing an additional 525 shares during the last quarter. Ameriprise Financial Inc. increased its position in NTT DOCOMO by 23.6% during the first quarter. Ameriprise Financial Inc. now owns 30,083 shares of the technology company’s stock worth $702,000 after purchasing an additional 5,748 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in NTT DOCOMO during the first quarter worth about $614,000. Hedge funds and other institutional investors own 0.50% of the company’s stock.

NTT DOCOMO Company Profile

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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