NTT (OTCMKTS:NTTYY) Shares Gap Up – Here’s What Happened

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) gapped up before the market opened on Thursday. The stock had previously closed at $25.30, but opened at $26.1650. NTT shares last traded at $26.1380, with a volume of 8,059 shares.

Analyst Upgrades and Downgrades

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

NTT Stock Up 3.5%

The stock has a market capitalization of $85.59 billion, a PE ratio of 14.23, a PEG ratio of 2.13 and a beta of 0.07. The firm’s fifty day moving average is $27.45 and its 200-day moving average is $24.96. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 1.07.

NTT (OTCMKTS:NTTYY) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). NTT had a net margin of 6.29% and a return on equity of 9.10%. The business had revenue of $23.63 billion during the quarter, compared to analysts’ expectations of $23.12 billion. On average, equities research analysts predict that NTT Inc. – Sponsored ADR will post 2.08 earnings per share for the current year.

About NTT

NTT, formally Nippon Telegraph and Telephone Corporation, is a Japanese telecommunications and information technology company. Its businesses include fixed-line and mobile communications, internet and network services, systems integration, cloud computing, data centers, and other information and communications technology solutions. The company traces its origins to Japan’s Nippon Telegraph and Telephone Public Corporation, established in 1952. It was reorganized as a private corporation in 1985 and has since developed a broad portfolio of communications and technology businesses.