Zacks Investment Research upgraded shares of NTT DOCOMO, Inc (NYSE:DCM) from a sell rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “NTT DoCoMo is the world’s leading mobile communications company. The company provides a wide variety of leading-edge mobile multimedia services. These include i-mode, the world’s most popular mobile Internet service, which provides e-mail and Internet access, and FOMA, launched in 2001 as the world’s first 3G mobile service. The company is expanding its global reach through strategic joint ventures and other alliances with mobile and multimedia service providers in the Asia-Pacific region, Europe and North America. “

Other equities analysts have also recently issued reports about the company. BidaskClub upgraded NTT DOCOMO from a sell rating to a hold rating in a report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) cut NTT DOCOMO from a buy rating to a neutral rating in a research report on Tuesday, May 30th. Finally, Cantor Fitzgerald cut NTT DOCOMO from an overweight rating to a neutral rating in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $27.00.

Shares of NTT DOCOMO (NYSE:DCM) traded down 0.85% during mid-day trading on Wednesday, hitting $23.21. The stock had a trading volume of 97,370 shares. The company has a 50 day moving average price of $23.62 and a 200 day moving average price of $23.93. NTT DOCOMO has a 12-month low of $21.96 and a 12-month high of $27.07. The firm has a market cap of $85.98 billion, a P/E ratio of 14.97 and a beta of 0.12.

NTT DOCOMO (NYSE:DCM) last issued its earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.05. The company had revenue of $10.23 billion during the quarter. NTT DOCOMO had a return on equity of 11.44% and a net margin of 13.90%. Equities analysts forecast that NTT DOCOMO will post $1.56 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of DCM. Creative Planning boosted its stake in shares of NTT DOCOMO by 1.4% in the first quarter. Creative Planning now owns 8,215 shares of the technology company’s stock valued at $192,000 after buying an additional 112 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of NTT DOCOMO by 2.3% in the second quarter. Checchi Capital Advisers LLC now owns 15,103 shares of the technology company’s stock valued at $357,000 after buying an additional 334 shares during the period. Wetherby Asset Management Inc. boosted its stake in shares of NTT DOCOMO by 1.5% in the second quarter. Wetherby Asset Management Inc. now owns 22,717 shares of the technology company’s stock valued at $537,000 after buying an additional 336 shares during the period. Parallel Advisors LLC boosted its stake in shares of NTT DOCOMO by 2.4% in the second quarter. Parallel Advisors LLC now owns 16,460 shares of the technology company’s stock valued at $383,000 after buying an additional 379 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of NTT DOCOMO by 12.1% in the first quarter. Sei Investments Co. now owns 4,848 shares of the technology company’s stock valued at $113,000 after buying an additional 525 shares during the period. 0.55% of the stock is owned by institutional investors and hedge funds.

NTT DOCOMO Company Profile

NTT DOCOMO, INC. (DOCOMO) is a mobile telecommunications carrier. The Company operates through three segments: telecommunications business, smart life business and other businesses. The telecommunications business segment includes mobile phone services (long-term evolution (LTE) (Xi) services and freedom of mobile multimedia access (FOMA) services), optical-fiber broadband service, satellite mobile communications services, international services and equipment sales related to these services.

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