NTT (OTCMKTS:NTTYY) Shares Gap Up – Time to Buy?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $22.23, but opened at $23.19. NTT shares last traded at $22.24, with a volume of 2,224 shares.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of NTT to a “hold” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

NTT Price Performance

The company has a market cap of $73.55 billion, a P/E ratio of 10.71 and a beta of 0.03. The company has a fifty day moving average price of $23.54 and a two-hundred day moving average price of $24.34. 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 released its earnings results on Friday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. NTT had a return on equity of 10.39% and a net margin of 7.26%.The business had revenue of $25.46 billion for the quarter, compared to analyst estimates of $24.01 billion. On average, sell-side analysts anticipate that NTT Inc. – Sponsored ADR will post 1.91 earnings per share for the current fiscal year.

NTT Company Profile

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.