NTT (OTCMKTS:NTTYY) Announces Earnings Results

NTT (OTCMKTS:NTTYY) issued its earnings results on Wednesday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08), Zacks reports. NTT had a net margin of 7.17% and a return on equity of 10.45%.

NTT Trading Down 4.7%

NTTYY stock traded down $1.29 during midday trading on Wednesday, hitting $26.25. The stock had a trading volume of 23,478 shares, compared to its average volume of 152,407. 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 firm has a market cap of $85.81 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 2.28 and a beta of 0.07. The company’s 50-day moving average price is $27.54 and its 200 day moving average price is $24.93. NTT has a 12-month low of $21.47 and a 12-month high of $30.05.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of NTT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.