NTT (OTCMKTS:NTTYY) Shares Gap Down – Here’s What Happened

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYYGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $24.6520, but opened at $23.80. NTT shares last traded at $24.7125, with a volume of 13,494 shares trading hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lowered NTT from a “buy” rating to a “hold” rating in a research note on Friday, February 6th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on NTTYY

NTT Price Performance

The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.55 and a current ratio of 0.59. The company’s 50 day moving average price is $24.68 and its 200-day moving average price is $25.22. The company has a market cap of $80.77 billion, a price-to-earnings ratio of 11.33 and a beta of 0.08.

NTT (OTCMKTS:NTTYYGet Free Report) last issued its earnings results on Thursday, February 5th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. NTT had a net margin of 7.66% and a return on equity of 10.50%. The firm had revenue of $23.29 billion during the quarter, compared to analysts’ expectations of $23.07 billion.

NTT Company Profile

(Get Free Report)

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.

Further Reading

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