NTT (OTCMKTS:NTTYY) Reaches New 1-Year Low – Should You Sell?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $21.47 and last traded at $22.2278, with a volume of 4610 shares. The stock had previously closed at $22.46.

Wall Street Analysts Forecast Growth

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 data from MarketBeat, the stock has an average rating of “Hold”.

NTT Price Performance

The firm has a market capitalization of $72.75 billion, a PE ratio of 10.60 and a beta of 0.03. The firm’s fifty day moving average price is $23.47 and its 200 day moving average price is $24.31. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.11.

NTT (OTCMKTS:NTTYY) last issued its earnings results on Friday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. NTT had a net margin of 7.26% and a return on equity of 10.39%. The firm had revenue of $25.46 billion during the quarter, compared to analysts’ expectations of $24.01 billion. As a group, equities analysts forecast that NTT Inc. – Sponsored ADR will post 1.91 earnings per share for the current year.

About NTT

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.