NTT (OTCMKTS:NTTYY) Announces Quarterly Earnings Results

NTT (OTCMKTS:NTTYY) announced its quarterly earnings data on Wednesday. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08), Zacks reports. NTT had a return on equity of 10.45% and a net margin of 7.17%.

NTT Stock Performance

Shares of NTTYY stock traded down $1.33 during trading hours on Wednesday, reaching $26.21. 21,996 shares of the company’s stock were exchanged, compared to its average volume of 152,397. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.49 and a quick ratio of 0.46. The company’s 50 day moving average is $27.54 and its two-hundred day moving average is $24.93. The company has a market cap of $85.68 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 2.28 and a beta of 0.07. NTT has a 1 year low of $21.47 and a 1 year high of $30.05.

Analyst Ratings Changes

Separately, Zacks Research raised shares of NTT from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

About NTT

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Through its operating companies, NTT provides fixed-line and mobile communications, broadband internet, data center and cloud services, systems integration, cybersecurity, network infrastructure, and related digital solutions for consumers, businesses, and public-sector organizations.

NTT’s principal businesses include telecommunications services in Japan, global information and communications technology services, data and cloud platforms, and research and development in areas such as next-generation networks, artificial intelligence, and advanced communications technology.