Nippon Telegraph & Telephone Corp (NASDAQ:NTTYY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Nippon Telegraph & Telephone provides a variety of telecommunications services, including telephone, telegraph, leased circuits, data communication, terminal equipment sales and other services. The Company provides both local and long distance telephone services within Japan, but it does not provide service in the international markets. “

Shares of Nippon Telegraph & Telephone Corp (NTTYY) opened at 48.85 on Thursday. Nippon Telegraph & Telephone Corp has a 52-week low of $38.45 and a 52-week high of $49.90. The company’s 50-day moving average is $48.05 and its 200-day moving average is $45.22. The firm has a market cap of $99.41 billion and a P/E ratio of 13.97.

Nippon Telegraph & Telephone Corp (NASDAQ:NTTYY) last posted its quarterly earnings results on Friday, August 4th. The company reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.15. Nippon Telegraph & Telephone Corp had a return on equity of 5.88% and a net margin of 5.84%. The company had revenue of $25.29 billion during the quarter.

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