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

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) shares gapped down prior to trading on Thursday . The stock had previously closed at $28.00, but opened at $26.65. NTT shares last traded at $28.00, with a volume of 12,941 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research cut NTT from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

NTT Price Performance

The firm has a market capitalization of $90.28 billion, a P/E ratio of 13.22, a P/E/G ratio of 2.60 and a beta of 0.05. The stock’s 50 day simple moving average is $25.83 and its 200 day simple moving average is $24.45. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.46 and a current ratio of 0.49.

NTT (OTCMKTS:NTTYY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.46 by $0.07. The firm had revenue of $22.97 billion for the quarter, compared to analyst estimates of $21.57 billion. NTT had a return on equity of 10.45% and a net margin of 7.17%. As a group, analysts expect that NTT Inc. – Sponsored ADR will post 2.07 earnings per share for the current fiscal year.

About NTT

Nippon Telegraph and Telephone Corporation (NTT) is a Japanese telecommunications and technology company. Through its subsidiaries and affiliated companies, NTT provides fixed-line and mobile communications, broadband internet, network infrastructure, data centers, cloud computing, cybersecurity, and systems integration services.

NTT’s principal operating businesses include NTT DOCOMO’s mobile communications and consumer services, NTT DATA’s information technology and consulting services, and regional telecommunications operations serving customers across Japan.