NTT (OTCMKTS:NTTYY) Reaches New 12-Month High – Should You Buy?

Shares of NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) hit a new 52-week high on Wednesday . The company traded as high as $29.12 and last traded at $29.12, with a volume of 57246 shares. The stock had previously closed at $27.55.

Analysts Set New Price Targets

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

NTT Stock Performance

The company’s 50 day simple moving average is $24.86 and its 200 day simple moving average is $24.19. 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 stock has a market cap of $92.34 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 2.58 and a beta of 0.05.

NTT (OTCMKTS:NTTYY) last released its earnings results on Thursday, August 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. The company had revenue of $22.97 billion during the quarter, compared to analyst estimates of $21.57 billion. NTT had a return on equity of 10.43% and a net margin of 7.17%. Analysts expect that NTT Inc. – Sponsored ADR will post 2.07 earnings per share for the current year.

NTT Company Profile

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.