NTT (OTCMKTS:NTTYY) Sets New 12-Month Low – What’s Next?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $22.23 and last traded at $22.23, with a volume of 1455 shares. The stock had previously closed at $22.78.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised NTT to a “hold” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

NTT Stock Performance

The firm has a market cap of $72.76 billion, a price-to-earnings ratio of 10.60 and a beta of 0.03. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.51 and a quick ratio of 0.48. The firm has a fifty day simple moving average of $23.70 and a two-hundred day simple moving average of $24.42.

NTT (OTCMKTS:NTTYY) last posted its quarterly earnings data 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 firm had revenue of $25.46 billion for the quarter, compared to the consensus estimate of $24.01 billion. NTT had a net margin of 7.26% and a return on equity of 10.39%. On average, analysts expect that NTT Inc. – Sponsored ADR will post 1.76 EPS for the current year.

About NTT

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.