NTT (OTCMKTS:NTTYY – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06, Zacks reports. NTT had a net margin of 7.66% and a return on equity of 10.32%. The firm had revenue of $23.29 billion during the quarter, compared to analysts’ expectations of $23.07 billion.
NTT Stock Performance
Shares of OTCMKTS NTTYY opened at $24.42 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.92 and a current ratio of 0.98. NTT has a 1 year low of $22.80 and a 1 year high of $28.70. The firm’s 50 day moving average price is $25.05 and its 200 day moving average price is $25.74.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft downgraded NTT from a “buy” rating to a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, NTT currently has an average rating of “Hold”.
About NTT
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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