Shares of NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY – Get Free Report) gapped down prior to trading on Wednesday. The stock had previously closed at $27.12, but opened at $26.25. NTT shares last traded at $27.22, with a volume of 514,763 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut shares of NTT from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
View Our Latest Stock Report on NTTYY
NTT Stock Up 0.3%
NTT (OTCMKTS:NTTYY – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 7.17% and a return on equity of 10.45%. Research analysts forecast that NTT Inc. – Sponsored ADR will post 2.07 EPS for the current year.
NTT Company Profile
Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Through its group companies, NTT provides mobile and fixed-line communications, broadband internet, data center and cloud services, systems integration, cybersecurity, and other digital solutions for consumers, businesses, and government organizations.
NTT’s principal businesses include mobile communications through NTT DOCOMO, enterprise technology and consulting services through NTT DATA, regional telecommunications services through its NTT East and NTT West subsidiaries, and global network, cloud, and managed services.
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