NTT (OTCMKTS:NTTYY) Shares Gap Up – Time to Buy?

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) gapped up prior to trading on Monday . The stock had previously closed at $22.8320, but opened at $23.91. NTT shares last traded at $23.00, with a volume of 9,995 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded NTT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, NTT presently has a consensus rating of “Buy”.

NTT Stock Performance

The business’s fifty day simple moving average is $23.26 and its 200-day simple moving average is $24.17. The firm has a market cap of $75.22 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 3.81 and a beta of 0.04. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.11.

NTT (OTCMKTS:NTTYY) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $25.46 billion during 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%. As a group, sell-side analysts expect that NTT Inc. – Sponsored ADR will post 1.9 earnings per share 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.