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

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $27.38, but opened at $25.94. NTT shares last traded at $27.23, with a volume of 4,025 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of NTT from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, NTT has a consensus rating of “Buy”.

NTT Price Performance

The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.46 and a current ratio of 0.49. The firm has a market capitalization of $89.11 billion, a P/E ratio of 12.99, a P/E/G ratio of 2.24 and a beta of 0.07. The stock’s 50 day simple moving average is $26.84 and its 200 day simple moving average is $24.72.

NTT (OTCMKTS:NTTYY) last issued its earnings results on Thursday, August 6th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The business 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%. As a group, analysts expect that NTT Inc. – Sponsored ADR will post 2.09 earnings per share for the current fiscal year.

NTT Company Profile

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Through its group companies, NTT provides mobile and fixed-line communications, broadband internet, data center and cloud services, systems integration, cybersecurity, and other digital solutions for consumers, businesses, and government organizations.

NTT’s principal businesses include mobile communications through NTT DOCOMO, enterprise technology and consulting services through NTT DATA, regional telecommunications services through its NTT East and NTT West subsidiaries, and global network, cloud, and managed services.