NTT (OTCMKTS:NTTYY) Shares Gap Down – What’s Next?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) shares gapped down before the market opened on Thursday. The stock had previously closed at $28.00, but opened at $26.65. NTT shares last traded at $28.00, with a volume of 12,941 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research downgraded NTT from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

NTT Stock Performance

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 firm’s 50 day simple moving average is $26.01 and its 200 day simple moving average is $24.50. The firm has a market capitalization of $91.53 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 2.55 and a beta of 0.05.

NTT (OTCMKTS:NTTYY) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. NTT had a net margin of 7.17% and a return on equity of 10.45%. The firm had revenue of $22.97 billion for the quarter, compared to analyst estimates of $21.57 billion. Sell-side analysts forecast that NTT Inc. – Sponsored ADR will post 2.07 earnings per share for the current fiscal year.

NTT Company Profile

Nippon Telegraph and Telephone Corporation (NTT) is a Japanese telecommunications and technology company. Through its subsidiaries and affiliated companies, NTT provides fixed-line and mobile communications, broadband internet, network infrastructure, data centers, cloud computing, cybersecurity, and systems integration services.

NTT’s principal operating businesses include NTT DOCOMO’s mobile communications and consumer services, NTT DATA’s information technology and consulting services, and regional telecommunications operations serving customers across Japan.