NTT (OTCMKTS:NTTYY) Raised to “Strong-Buy” at Zacks Research

NTT (OTCMKTS:NTTYY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday, Zacks reports.

NTT Stock Performance

Shares of NTT stock opened at $27.38 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 1.07. NTT has a 52 week low of $21.47 and a 52 week high of $30.05. The firm’s 50 day moving average is $26.64 and its two-hundred day moving average is $24.67. The firm has a market capitalization of $89.50 billion, a P/E ratio of 13.10, a P/E/G ratio of 2.24 and a beta of 0.07.

NTT (OTCMKTS:NTTYY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.07. The business had revenue of $22.97 billion during the quarter, compared to the consensus estimate of $21.57 billion. NTT had a net margin of 7.17% and a return on equity of 10.45%. Research analysts forecast that NTT will post 2.09 EPS for the current fiscal year.

About NTT

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.