NTT (OTCMKTS:NTTYY) Issues Quarterly Earnings Results

NTT (OTCMKTS:NTTYY) announced its quarterly earnings results on Friday. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01, Zacks reports. The business had revenue of $25.46 billion during the quarter, compared to analysts’ expectations of $24.01 billion. NTT had a net margin of 7.66% and a return on equity of 10.50%.

NTT Stock Performance

Shares of NTTYY stock traded up $0.07 during trading hours on Friday, reaching $24.15. The company had a trading volume of 167,308 shares, compared to its average volume of 161,058. The business has a fifty day moving average price of $24.28 and a 200-day moving average price of $24.78. NTT has a one year low of $23.31 and a one year high of $28.70. The firm has a market cap of $78.94 billion, a PE ratio of 11.08 and a beta of 0.05. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.55 and a current ratio of 0.59.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NTTYY. Deutsche Bank Aktiengesellschaft cut shares of NTT from a “buy” rating to a “hold” rating in a research report on Friday, February 6th. Zacks Research upgraded shares of NTT to a “hold” rating in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

NTT Company Profile

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Established as a state-owned entity in 1952 and privatized in 1985, NTT provides a broad array of network services and IT solutions. The company’s core offerings include fixed‐line and mobile communications, high‐speed internet services, and network management for enterprise and consumer customers.

NTT’s business operations are organized across several key subsidiaries.