NTT (OTCMKTS:NTTYY) Shares Gap Up – Still a Buy?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $27.89, but opened at $28.95. NTT shares last traded at $27.84, with a volume of 3,872 shares traded.

Analyst Ratings Changes

Separately, Zacks Research lowered 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 has an average rating of “Hold”.

NTT Stock Up 1.7%

The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 1.07. The business has a fifty day simple moving average of $25.92 and a two-hundred day simple moving average of $24.48. The company has a market capitalization of $91.20 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 2.60 and a beta of 0.05.

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