NTT (OTCMKTS:NTTYY) Hits New 12-Month High – Time to Buy?

Shares of NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) hit a new 52-week high on Wednesday . The stock traded as high as $29.12 and last traded at $29.12, with a volume of 57246 shares traded. The stock had previously closed at $27.55.

Wall Street Analysts Forecast Growth

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

NTT Stock Up 0.6%

The company’s fifty day simple moving average is $24.63 and its 200-day simple moving average is $24.14. The firm has a market capitalization of $91.72 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 2.66 and a beta of 0.05. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.51 and a quick ratio of 0.48.

NTT (OTCMKTS:NTTYY) last posted 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 return on equity of 10.43% and a net margin of 7.17%.The firm had revenue of $22.97 billion during the quarter, compared to analysts’ expectations of $21.57 billion. On average, analysts forecast that NTT Inc. – Sponsored ADR will post 2 EPS for the current 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.