NTT (OTCMKTS:NTTYY) Shares Gap Down – Here’s Why

Shares of NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) gapped down prior to trading on Tuesday . The stock had previously closed at $24.19, but opened at $22.88. NTT shares last traded at $23.81, with a volume of 10,644 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded NTT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

NTT Stock Down 1.7%

The firm has a market capitalization of $77.74 billion, a P/E ratio of 11.32, a PEG ratio of 4.01 and a beta of 0.04. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.48 and a current ratio of 0.51. The firm’s 50-day moving average is $23.06 and its 200 day moving average is $23.97.

NTT (OTCMKTS:NTTYY) last released its quarterly earnings results on Friday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $25.46 billion for the quarter, compared to the consensus estimate of $24.01 billion. NTT had a return on equity of 10.39% and a net margin of 7.26%. As a group, equities research analysts predict that NTT Inc. – Sponsored ADR will post 1.9 EPS for the current fiscal year.

About NTT

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.