NTT (OTCMKTS:NTTYY) Shares Gap Up – Still a Buy?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) gapped up before the market opened on Tuesday . The stock had previously closed at $26.2820, but opened at $27.28. NTT shares last traded at $27.28, with a volume of 68,100 shares.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of NTT from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

NTT Stock Up 1.5%

The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.48 and a current ratio of 0.51. The firm has a market cap of $89.24 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 2.53 and a beta of 0.04. The firm has a 50-day moving average price of $24.00 and a two-hundred day moving average price of $24.03.

NTT (OTCMKTS:NTTYY) last posted its earnings results on Thursday, August 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.07. The firm had revenue of $22.97 billion during the quarter, compared to analysts’ expectations of $21.57 billion. NTT had a return on equity of 10.43% and a net margin of 7.17%. On average, sell-side analysts forecast that NTT Inc. – Sponsored ADR will post 2 earnings per share for the current year.

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.