NTT (OTCMKTS:NTTYY) Shares Gap Up – Time to Buy?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $28.25, but opened at $29.98. NTT shares last traded at $28.4480, with a volume of 14,286 shares trading hands.

Wall Street Analyst Weigh In

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

NTT Price Performance

The stock has a fifty day moving average of $24.97 and a 200-day moving average of $24.22. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $94.08 billion, a P/E ratio of 13.77, a PEG ratio of 2.63 and a beta of 0.05.

NTT (OTCMKTS:NTTYY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 7.17% and a return on equity of 10.45%. Equities analysts predict that NTT Inc. – Sponsored ADR will post 2.07 EPS for the current fiscal 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.