NTT DOCOMO (NYSE:DCM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm presently has a $29.00 target price on the technology company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 12.84% from the stock’s previous close.

According to Zacks, “NTT DoCoMo is the world’s leading mobile communications company. The company provides a wide variety of leading-edge mobile multimedia services. These include i-mode, the world’s most popular mobile Internet service, which provides e-mail and Internet access, and FOMA, launched in 2001 as the world’s first 3G mobile service. The company is expanding its global reach through strategic joint ventures and other alliances with mobile and multimedia service providers in the Asia-Pacific region, Europe and North America. “

Separately, BidaskClub raised shares of NTT DOCOMO from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. NTT DOCOMO currently has a consensus rating of “Hold” and a consensus target price of $29.00.

Shares of NTT DOCOMO (NYSE:DCM) opened at $25.70 on Tuesday. NTT DOCOMO has a 12 month low of $22.20 and a 12 month high of $25.86. The firm has a market cap of $102,090.83, a price-to-earnings ratio of 17.08, a PEG ratio of 3.18 and a beta of 0.07. The company has a quick ratio of 2.09, a current ratio of 2.20 and a debt-to-equity ratio of 0.01.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new position in shares of NTT DOCOMO in the third quarter worth about $228,000. Janney Montgomery Scott LLC bought a new position in shares of NTT DOCOMO in the third quarter worth about $234,000. Capital Bank & Trust Co grew its holdings in shares of NTT DOCOMO by 6.8% in the third quarter. Capital Bank & Trust Co now owns 396,287 shares of the technology company’s stock worth $9,031,000 after purchasing an additional 25,232 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of NTT DOCOMO by 6.3% in the third quarter. Envestnet Asset Management Inc. now owns 85,676 shares of the technology company’s stock worth $1,954,000 after purchasing an additional 5,055 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of NTT DOCOMO by 34.0% in the third quarter. Wells Fargo & Company MN now owns 1,522,764 shares of the technology company’s stock worth $34,703,000 after purchasing an additional 386,160 shares during the last quarter. Hedge funds and other institutional investors own 0.51% of the company’s stock.

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NTT DOCOMO Company Profile

NTT DOCOMO, INC. (DOCOMO) is a mobile telecommunications carrier. The Company operates through three segments: telecommunications business, smart life business and other businesses. The telecommunications business segment includes mobile phone services (long-term evolution (LTE) (Xi) services and freedom of mobile multimedia access (FOMA) services), optical-fiber broadband service, satellite mobile communications services, international services and equipment sales related to these services.

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