Deutsche Bank Downgrades NTT DOCOMO (DCM) to Hold
NTT DOCOMO (NYSE:DCM) was downgraded by Deutsche Bank from a “buy” rating to a “hold” rating in a report released on Thursday.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of NTT DOCOMO from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub raised shares of NTT DOCOMO from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. NTT DOCOMO has a consensus rating of “Hold” and an average price target of $29.00.
NTT DOCOMO (NYSE:DCM) traded down $0.09 during trading on Thursday, reaching $25.70. 90,700 shares of the company’s stock traded hands, compared to its average volume of 181,025. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.20 and a quick ratio of 2.09. The company has a market capitalization of $99,390.00, a P/E ratio of 17.08, a PEG ratio of 3.18 and a beta of 0.09. NTT DOCOMO has a 1-year low of $22.20 and a 1-year high of $25.86.
Several large investors have recently modified their holdings of DCM. Sei Investments Co. raised its stake in shares of NTT DOCOMO by 53.4% during the second quarter. Sei Investments Co. now owns 7,437 shares of the technology company’s stock valued at $176,000 after acquiring an additional 2,589 shares during the last quarter. M&T Bank Corp bought a new position in shares of NTT DOCOMO during the second quarter valued at about $215,000. Strategic Global Advisors LLC raised its stake in shares of NTT DOCOMO by 0.6% during the second quarter. Strategic Global Advisors LLC now owns 9,401 shares of the technology company’s stock valued at $222,000 after acquiring an additional 53 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of NTT DOCOMO during the third quarter valued at about $228,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of NTT DOCOMO during the third quarter valued at about $234,000. 0.51% of the stock is owned by hedge funds and other institutional investors.
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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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