NTT (OTCMKTS:NTTYY) Shares Gap Up – What’s Next?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) shares gapped up before the market opened on Monday . The stock had previously closed at $22.8320, but opened at $23.91. NTT shares last traded at $23.00, with a volume of 9,995 shares changing hands.

Analyst Upgrades and Downgrades

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

NTT Stock Up 0.8%

The company has a market cap of $75.22 billion, a P/E ratio of 10.96, a P/E/G ratio of 3.81 and a beta of 0.04. The stock has a 50-day moving average of $23.26 and a two-hundred day moving average of $24.17. 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 (OTCMKTS:NTTYY) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. NTT had a net margin of 7.26% and a return on equity of 10.39%. The firm had revenue of $25.46 billion for the quarter, compared to the consensus estimate of $24.01 billion. On average, research analysts anticipate that NTT Inc. – Sponsored ADR will post 1.9 EPS for the current fiscal 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.