Nippon Telegraph and Telephone (NTTYY) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Nippon Telegraph and Telephone (OTCMKTS:NTTYY) from a buy rating to a hold rating in a report issued on Thursday.

According to Zacks, “Nippon Telegraph & Telephone provides a variety of telecommunications services, including telephone, telegraph, leased circuits, data communication, terminal equipment sales and other services. The Company provides both local and long distance telephone services within Japan, but it does not provide service in the international markets. “

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A number of other brokerages have also commented on NTTYY. ValuEngine lowered shares of Nippon Telegraph and Telephone from a buy rating to a hold rating in a research note on Monday, April 2nd. Deutsche Bank upgraded shares of Nippon Telegraph and Telephone from a hold rating to a buy rating in a research note on Thursday, February 15th.

Shares of NTTYY opened at $47.83 on Thursday. Nippon Telegraph and Telephone has a 52 week low of $41.94 and a 52 week high of $52.89. The stock has a market capitalization of $94,678.82 and a P/E ratio of 13.90. The company has a current ratio of 1.37, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26.

Nippon Telegraph and Telephone (OTCMKTS:NTTYY) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.36 EPS for the quarter. Nippon Telegraph and Telephone had a net margin of 7.41% and a return on equity of 8.07%. The business had revenue of $27.27 billion for the quarter. equities analysts expect that Nippon Telegraph and Telephone will post 4.24 earnings per share for the current year.

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About Nippon Telegraph and Telephone

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunication equipment, system integration, and other telecommunications-related services in Japan and internationally. It operates through five segments: Regional Communications Business, Long Distance and International Communications Business, Mobile Communications Business, Data Communications Business, and Other Business.

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