NTT (OTCMKTS:NTTYY) Stock Rating Upgraded by Zacks Research

NTT (OTCMKTS:NTTYY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

NTT Price Performance

Shares of OTCMKTS NTTYY 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 fifty-two week low of $21.47 and a fifty-two week high of $30.05. The business has a 50 day moving average price of $26.64 and a two-hundred day moving average price of $24.67. The firm has a market cap of $89.50 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 2.24 and a beta of 0.07.

NTT (OTCMKTS:NTTYY) last announced its earnings results on Thursday, August 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts expect that NTT will post 2.09 earnings per share 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.