NTT (OTCMKTS:NTTYY) Reaches New 52-Week Low – Time to Sell?

Shares of NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $22.71 and last traded at $23.0460, with a volume of 7564 shares trading hands. The stock had previously closed at $22.76.

Analysts Set New Price Targets

Separately, Zacks Research upgraded NTT to a “hold” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

NTT Trading Up 1.4%

The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.11. The stock has a market cap of $75.43 billion, a P/E ratio of 10.99 and a beta of 0.03. The business’s fifty day simple moving average is $24.03 and its 200 day simple moving average is $24.53.

NTT (OTCMKTS:NTTYY) last announced its earnings results on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. NTT had a net margin of 7.26% and a return on equity of 10.39%. The company had revenue of $25.46 billion during the quarter, compared to the consensus estimate of $24.01 billion. As a group, analysts expect that NTT Inc. – Sponsored ADR will post 1.76 EPS for the current 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.