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

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) shares gapped up before the market opened on Friday . The stock had previously closed at $22.23, but opened at $23.19. NTT shares last traded at $22.24, with a volume of 2,224 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised shares of NTT to a “hold” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

NTT Price Performance

The company has a quick ratio of 0.48, a current ratio of 0.51 and a debt-to-equity ratio of 1.11. The firm has a market cap of $73.55 billion, a P/E ratio of 10.71 and a beta of 0.03. The business has a fifty day moving average of $23.54 and a 200 day moving average of $24.34.

NTT (OTCMKTS:NTTYY) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $25.46 billion for the quarter, compared to the consensus estimate of $24.01 billion. NTT had a return on equity of 10.39% and a net margin of 7.26%. On average, sell-side analysts anticipate that NTT Inc. – Sponsored ADR will post 1.91 earnings per share for the current 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.