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

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

NTT Price Performance

Shares of OTCMKTS:NTTYY opened at $22.12 on Tuesday. The firm has a market capitalization of $72.31 billion, a PE ratio of 10.53 and a beta of 0.04. The company has a quick ratio of 0.48, a current ratio of 0.51 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average price of $23.39 and a two-hundred day moving average price of $24.27. NTT has a twelve month low of $21.47 and a twelve month high of $28.38.

NTT (OTCMKTS:NTTYY) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $25.46 billion for the quarter, compared to analyst estimates of $24.01 billion. NTT had a net margin of 7.26% and a return on equity of 10.39%. Equities analysts forecast that NTT will post 1.91 EPS for the current year.

NTT Company Profile

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.