NTT (OTCMKTS:NTTYY) Hits New 12-Month High – Time to Buy?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $29.12 and last traded at $29.12, with a volume of 57246 shares. The stock had previously closed at $27.55.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of NTT from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. 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”.

NTT Price Performance

The firm has a market cap of $91.72 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 2.66 and a beta of 0.05. The stock has a 50 day simple moving average of $24.63 and a two-hundred day simple moving average of $24.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.48 and a current ratio of 0.51.

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

NTT Company Profile

Nippon Telegraph and Telephone Corporation (NTT) is a Japanese telecommunications and technology company. Through its subsidiaries and affiliated companies, NTT provides fixed-line and mobile communications, broadband internet, network infrastructure, data centers, cloud computing, cybersecurity, and systems integration services.

NTT’s principal operating businesses include NTT DOCOMO’s mobile communications and consumer services, NTT DATA’s information technology and consulting services, and regional telecommunications operations serving customers across Japan.