NTT DOCOMO, Inc (DCM) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of NTT DOCOMO, Inc (NYSE:DCM) from a hold rating to a buy rating in a report published on Tuesday. They currently have $26.00 price objective on the technology company’s stock.
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 NTT DOCOMO from a strong sell rating to a sell rating in a research report on Saturday, August 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $26.00.
NTT DOCOMO (NYSE DCM) traded down 0.9016% during mid-day trading on Tuesday, reaching $23.5755. The company’s stock had a trading volume of 78,160 shares. NTT DOCOMO has a one year low of $21.96 and a one year high of $25.42. The company has a market capitalization of $87.34 billion, a price-to-earnings ratio of 14.9118 and a beta of 0.13. The stock has a 50-day moving average price of $23.10 and a 200-day moving average price of $23.67.
NTT DOCOMO (NYSE:DCM) last issued its earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.05). The firm had revenue of $10.23 billion during the quarter. NTT DOCOMO had a return on equity of 11.44% and a net margin of 13.90%. Equities research analysts forecast that NTT DOCOMO will post $1.56 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Strategic Global Advisors LLC grew its position in NTT DOCOMO by 0.6% during the 2nd quarter. Strategic Global Advisors LLC now owns 9,401 shares of the technology company’s stock worth $222,000 after purchasing an additional 53 shares during the period. Roberts Glore & Co. Inc. IL grew its position in NTT DOCOMO by 3.1% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 10,960 shares of the technology company’s stock worth $259,000 after purchasing an additional 330 shares during the period. Checchi Capital Advisers LLC grew its position in NTT DOCOMO by 2.3% during the 2nd quarter. Checchi Capital Advisers LLC now owns 15,103 shares of the technology company’s stock worth $357,000 after purchasing an additional 334 shares during the period. Wetherby Asset Management Inc. grew its position in NTT DOCOMO by 1.5% during the 2nd quarter. Wetherby Asset Management Inc. now owns 22,717 shares of the technology company’s stock worth $537,000 after purchasing an additional 336 shares during the period. Finally, Parallel Advisors LLC grew its position in NTT DOCOMO by 2.4% during the 2nd quarter. Parallel Advisors LLC now owns 16,460 shares of the technology company’s stock worth $383,000 after purchasing an additional 379 shares during the period. 0.50% of the stock is currently owned by institutional investors.
About NTT DOCOMO
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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