NTT (OTCMKTS:NTTYY) Raised to “Strong-Buy” at Zacks Research

NTT (OTCMKTS:NTTYY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

NTT Stock Performance

Shares of NTTYY stock opened at $22.12 on Tuesday. The stock’s 50-day moving average is $23.39 and its two-hundred day moving average is $24.27. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.48 and a current ratio of 0.51. NTT has a 1 year low of $21.47 and a 1 year high of $28.38. The firm has a market cap of $72.31 billion, a price-to-earnings ratio of 10.53 and a beta of 0.04.

NTT (OTCMKTS:NTTYY) last posted its earnings results on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $25.46 billion during 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%. Analysts predict that NTT will post 1.91 earnings per share for the current year.

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.