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

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $25.30, but opened at $26.1650. NTT shares last traded at $26.1380, with a volume of 8,059 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised NTT from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

NTT Stock Up 3.5%

The business’s fifty day moving average price is $27.45 and its 200 day moving average price is $24.96. 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 $85.59 billion, a PE ratio of 14.23, a PEG ratio of 2.13 and a beta of 0.07.

NTT (OTCMKTS:NTTYY) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The company had revenue of $23.63 billion for the quarter, compared to analysts’ expectations of $23.12 billion. NTT had a return on equity of 9.10% and a net margin of 6.29%. On average, equities research analysts forecast that NTT Inc. – Sponsored ADR will post 2.08 earnings per share for the current fiscal year.

NTT Company Profile

NTT, formally Nippon Telegraph and Telephone Corporation, is a Japanese telecommunications and information technology company. Its businesses include fixed-line and mobile communications, internet and network services, systems integration, cloud computing, data centers, and other information and communications technology solutions. The company traces its origins to Japan’s Nippon Telegraph and Telephone Public Corporation, established in 1952. It was reorganized as a private corporation in 1985 and has since developed a broad portfolio of communications and technology businesses.