NTT (OTCMKTS:NTTYY) Stock Lifted to Strong-Buy by Zacks Research

Zacks Research upgraded shares of NTT (OTCMKTS:NTTYY) from a hold rating to a strong-buy rating in a research note released on Wednesday,Zacks reports.

NTT Trading Up 0.6%

Shares of OTCMKTS:NTTYY opened at $27.38 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $89.50 billion, a PE ratio of 13.10, a P/E/G ratio of 2.24 and a beta of 0.07. NTT has a 1 year low of $21.47 and a 1 year high of $30.05. The firm has a fifty day moving average price of $26.64 and a 200 day moving average price of $24.67.

NTT (OTCMKTS:NTTYY) last posted its earnings results on Thursday, August 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07. The company had revenue of $22.97 billion for the quarter, compared to analyst estimates of $21.57 billion. NTT had a return on equity of 10.45% and a net margin of 7.17%. Analysts expect that NTT will post 2.09 EPS 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.