NTT Docomo (DCM) Downgraded to Hold at Zacks Investment Research

NTT Docomo (NYSE:DCM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “NTT DoCoMo is the world’s leading mobile communications company. The company provides a wide variety of leading-edge mobile multimedia services. These include i-mode, the world’s most popular mobile Internet service, which provides e-mail and Internet access, and FOMA, launched in 2001 as the world’s first 3G mobile service. The company is expanding its global reach through strategic joint ventures and other alliances with mobile and multimedia service providers in the Asia-Pacific region, Europe and North America. “

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Several other brokerages have also recently commented on DCM. HSBC reiterated a “hold” rating on shares of NTT Docomo in a research report on Monday, January 22nd. ValuEngine cut NTT Docomo from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Deutsche Bank cut NTT Docomo from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.00.

Shares of DCM opened at $26.27 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.24 and a quick ratio of 2.10. NTT Docomo has a one year low of $22.58 and a one year high of $26.32. The company has a market cap of $97,356.52, a P/E ratio of 15.19, a PEG ratio of 2.94 and a beta of 0.10.

NTT Docomo (NYSE:DCM) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.67 EPS for the quarter. NTT Docomo had a return on equity of 12.38% and a net margin of 15.25%. The firm had revenue of $11.48 billion during the quarter. equities analysts predict that NTT Docomo will post 1.89 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DCM. Ameriprise Financial Inc. boosted its stake in NTT Docomo by 18.1% during the third quarter. Ameriprise Financial Inc. now owns 71,644 shares of the technology company’s stock worth $1,632,000 after buying an additional 10,970 shares during the last quarter. TD Asset Management Inc. boosted its stake in NTT Docomo by 10.3% during the third quarter. TD Asset Management Inc. now owns 99,199 shares of the technology company’s stock worth $1,760,000 after buying an additional 9,231 shares during the last quarter. Wells Fargo & Company MN boosted its stake in NTT Docomo by 34.0% during the third quarter. Wells Fargo & Company MN now owns 1,522,764 shares of the technology company’s stock worth $34,703,000 after buying an additional 386,160 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in NTT Docomo by 6.3% during the third quarter. Envestnet Asset Management Inc. now owns 85,676 shares of the technology company’s stock worth $1,954,000 after buying an additional 5,055 shares during the last quarter. Finally, Capital Bank & Trust Co boosted its stake in NTT Docomo by 6.8% during the third quarter. Capital Bank & Trust Co now owns 396,287 shares of the technology company’s stock worth $9,031,000 after buying an additional 25,232 shares during the last quarter. 0.57% of the stock is currently owned by institutional investors.

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NTT Docomo Company Profile

NTT DOCOMO, INC. (DOCOMO) is a mobile telecommunications carrier. The Company operates through three segments: telecommunications business, smart life business and other businesses. The telecommunications business segment includes mobile phone services (long-term evolution (LTE) (Xi) services and freedom of mobile multimedia access (FOMA) services), optical-fiber broadband service, satellite mobile communications services, international services and equipment sales related to these services.

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