NTT (OTCMKTS:NTTYY) Hits New 12-Month Low – Here’s What Happened

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) shares reached a new 52-week low on Tuesday . The company traded as low as $22.69 and last traded at $22.81, with a volume of 18824 shares trading hands. The stock had previously closed at $23.0950.

Wall Street Analyst Weigh In

Separately, Zacks Research raised NTT to a “hold” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, NTT has an average rating of “Hold”.

NTT Price Performance

The company has a market cap of $74.40 billion, a price-to-earnings ratio of 10.84 and a beta of 0.03. The company’s 50 day moving average price is $23.84 and its 200-day moving average price is $24.47. 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 released its quarterly earnings data on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. NTT had a return on equity of 10.39% and a net margin of 7.26%.The business had revenue of $25.46 billion during the quarter, compared to analyst estimates of $24.01 billion. On average, equities research analysts forecast that NTT Inc. – Sponsored ADR will post 1.76 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. Established as a state-owned entity in 1952 and privatized in 1985, NTT provides a broad array of network services and IT solutions. The company’s core offerings include fixed‐line and mobile communications, high‐speed internet services, and network management for enterprise and consumer customers.

NTT’s business operations are organized across several key subsidiaries.