NTT (OTCMKTS:NTTYY) Sees Strong Trading Volume – Time to Buy?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY – Get Free Report) saw unusually-high trading volume on Wednesday . 299,084 shares changed hands during mid-day trading, an increase of 85% from the previous session’s volume of 161,909 shares.The stock last traded at $24.86 and had previously closed at $25.11.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of NTT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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NTT Stock Performance

The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.48 and a current ratio of 0.51. The stock has a market cap of $81.88 billion, a P/E ratio of 11.99, a P/E/G ratio of 4.14 and a beta of 0.04. The business’s 50-day moving average price is $23.26 and its 200-day moving average price is $23.95.

NTT (OTCMKTS:NTTYY – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07. The company had revenue of $22.97 billion for the quarter, compared to the consensus estimate of $21.57 billion. NTT had a return on equity of 10.43% and a net margin of 7.17%. As a group, sell-side analysts expect that NTT Inc. – Sponsored ADR will post 1.9 earnings per share for the current fiscal year.

About NTT

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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.

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