NTT (OTCMKTS:NTTYY) Stock Price Up 4.3% – Still a Buy?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) traded up 4.3% during mid-day trading on Friday. The stock traded as high as $26.85 and last traded at $26.38. 343 shares traded hands during trading, a decline of 100% from the average daily volume of 150,607 shares. The stock had previously closed at $25.30.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of NTT from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

NTT Stock Up 0.8%

The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.46 and a current ratio of 0.49. The company has a market capitalization of $86.13 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 2.09 and a beta of 0.07. The firm’s 50-day simple moving average is $27.42 and its 200 day simple moving average is $24.96.

NTT (OTCMKTS:NTTYY) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). NTT had a net margin of 6.29% and a return on equity of 9.10%. The company had revenue of $23.63 billion during the quarter, compared to analysts’ expectations of $23.12 billion. As a group, equities research analysts forecast that NTT Inc. – Sponsored ADR will post 2.08 earnings per share for the current year.

About NTT

NTT, formally Nippon Telegraph and Telephone Corporation, is a Japanese telecommunications and information technology company. Its businesses include fixed-line and mobile communications, internet and network services, systems integration, cloud computing, data centers, and other information and communications technology solutions. The company traces its origins to Japan’s Nippon Telegraph and Telephone Public Corporation, established in 1952. It was reorganized as a private corporation in 1985 and has since developed a broad portfolio of communications and technology businesses.