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

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $22.8320, but opened at $23.91. NTT shares last traded at $23.00, with a volume of 9,995 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded NTT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

NTT Stock Up 1.1%

The company has a market capitalization of $76.00 billion, a PE ratio of 11.07, a PEG ratio of 3.84 and a beta of 0.04. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.11. The business has a fifty day moving average of $23.21 and a 200 day moving average of $24.14.

NTT (OTCMKTS:NTTYY) last issued its quarterly earnings results 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. The company 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%. Equities research analysts anticipate that NTT Inc. – Sponsored ADR will post 1.9 EPS 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.