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

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) gapped up before the market opened on Tuesday . The stock had previously closed at $26.2820, but opened at $27.28. NTT shares last traded at $27.28, with a volume of 68,100 shares.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of NTT from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, NTT has an average rating of “Hold”.

NTT Price Performance

The stock has a market capitalization of $89.94 billion, a P/E ratio of 13.17, a PEG ratio of 2.63 and a beta of 0.05. The business has a fifty day simple moving average of $24.20 and a 200-day simple moving average of $24.06. 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 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 net margin of 7.17% and a return on equity of 10.43%. The firm had revenue of $22.97 billion during the quarter, compared to the consensus estimate of $21.57 billion. Sell-side analysts expect that NTT Inc. – Sponsored ADR will post 2 earnings per share for the current fiscal year.

About NTT

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.