NTT (OTCMKTS:NTTYY) Hits New 52-Week Low – Here’s What Happened

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $22.69 and last traded at $22.81, with a volume of 18824 shares changing hands. The stock had previously closed at $23.0950.

Wall Street Analysts Forecast Growth

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

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NTT Stock Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 0.51 and a quick ratio of 0.48. The stock’s 50-day simple moving average is $23.76 and its 200 day simple moving average is $24.44. The stock has a market capitalization of $74.46 billion, a P/E ratio of 10.85 and a beta of 0.03.

NTT (OTCMKTS:NTTYY – Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $25.46 billion during the quarter, compared to the consensus estimate of $24.01 billion. NTT had a net margin of 7.26% and a return on equity of 10.39%. Research analysts expect that NTT Inc. – Sponsored ADR will post 1.76 EPS for the current fiscal year.

NTT Company Profile

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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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