NTT Docomo Inc (NYSE:DCM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

DCM has been the subject of several other research reports. BidaskClub raised shares of NTT Docomo from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. Goldman Sachs Group, Inc. (The) downgraded NTT Docomo from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $27.00.

Shares of NTT Docomo (NYSE DCM) traded down 0.60% during trading on Wednesday, hitting $23.08. The stock had a trading volume of 147,228 shares. NTT Docomo has a 52 week low of $21.96 and a 52 week high of $26.49. The company has a market capitalization of $85.50 billion, a PE ratio of 14.75 and a beta of 0.12. The firm has a 50-day moving average price of $23.38 and a 200 day moving average price of $23.87.

NTT Docomo (NYSE:DCM) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.05. The company had revenue of $10.23 billion during the quarter. NTT Docomo had a return on equity of 13.72% and a net margin of 17.35%. Equities analysts anticipate that NTT Docomo will post $1.56 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of DCM. Strategic Global Advisors LLC increased its position in NTT Docomo by 0.6% in the second quarter. Strategic Global Advisors LLC now owns 9,401 shares of the technology company’s stock valued at $222,000 after buying an additional 53 shares during the period. Creative Planning increased its stake in NTT Docomo by 1.4% in the first quarter. Creative Planning now owns 8,215 shares of the technology company’s stock worth $192,000 after buying an additional 112 shares during the last quarter. Roberts Glore & Co. Inc. IL increased its stake in NTT Docomo by 3.1% in the second quarter. Roberts Glore & Co. Inc. IL now owns 10,960 shares of the technology company’s stock worth $259,000 after buying an additional 330 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in NTT Docomo by 2.3% in the second quarter. Checchi Capital Advisers LLC now owns 15,103 shares of the technology company’s stock worth $357,000 after buying an additional 334 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its stake in NTT Docomo by 1.5% in the second quarter. Wetherby Asset Management Inc. now owns 22,717 shares of the technology company’s stock worth $537,000 after buying an additional 336 shares during the last quarter. Institutional investors and hedge funds own 0.50% of the company’s stock.

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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