NTT (OTCMKTS:NTTYY) Sees Strong Trading Volume – Time to Buy?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) saw unusually-strong trading volume on Wednesday. 380,901 shares changed hands during trading, an increase of 144% from the previous session’s volume of 155,845 shares. The stock last traded at $27.6975 and had previously closed at $28.00.

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 equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

NTT Price Performance

The company has a debt-to-equity ratio of 1.07, a current ratio of 0.49 and a quick ratio of 0.46. The company has a market cap of $89.70 billion, a PE ratio of 13.13, a P/E/G ratio of 2.60 and a beta of 0.05. The company has a 50-day moving average price of $25.92 and a two-hundred day moving average price of $24.48.

NTT (OTCMKTS:NTTYY) last released its quarterly 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 10.45% and a net margin of 7.17%. Sell-side analysts expect that NTT Inc. – Sponsored ADR will post 2.07 earnings per share for the current fiscal year.

About NTT

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.