Nippon Telegraph and Telephone (OTCMKTS:NTTYY) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Nippon Telegraph and Telephone (OTCMKTS:NTTYY) from a hold rating to a buy rating in a research report released on Sunday, December 31st.

Separately, Zacks Investment Research raised shares of Nippon Telegraph and Telephone from a sell rating to a hold rating and set a $59.00 target price for the company in a research report on Tuesday, November 28th.

Shares of Nippon Telegraph and Telephone (OTCMKTS NTTYY) opened at $46.57 on Friday. Nippon Telegraph and Telephone has a 52-week low of $41.47 and a 52-week high of $52.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 1.25. The stock has a market cap of $99,130.00, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.57 and a beta of -0.06.

Nippon Telegraph and Telephone (OTCMKTS:NTTYY) last released its earnings results on Monday, November 13th. The company reported $1.15 earnings per share for the quarter. Nippon Telegraph and Telephone had a net margin of 7.40% and a return on equity of 7.66%. equities analysts predict that Nippon Telegraph and Telephone will post 4.07 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Mountain Capital Investment Advisors Inc bought a new position in shares of Nippon Telegraph and Telephone during the 2nd quarter valued at approximately $114,000. Guardian Capital LP bought a new position in shares of Nippon Telegraph and Telephone during the 2nd quarter valued at approximately $203,000. Yorktown Management & Research Co Inc bought a new position in shares of Nippon Telegraph and Telephone during the 2nd quarter valued at approximately $217,000. Financial Counselors Inc. grew its position in shares of Nippon Telegraph and Telephone by 2.9% during the 2nd quarter. Financial Counselors Inc. now owns 6,976 shares of the company’s stock valued at $329,000 after acquiring an additional 194 shares during the period. Finally, Eagle Asset Management Inc. grew its position in shares of Nippon Telegraph and Telephone by 10.7% during the 2nd quarter. Eagle Asset Management Inc. now owns 7,583 shares of the company’s stock valued at $358,000 after acquiring an additional 730 shares during the period. 0.23% of the stock is owned by hedge funds and other institutional investors.

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About Nippon Telegraph and Telephone

Nippon Telegraph and Telephone Corporation (NTT) is a provider of fixed and mobile voice related services, Internet Protocol (IP)/packet communications services, telecommunications equipment, system integration and other telecommunications-related services in Japan. The Company operates in five segments: regional communications business, which comprises fixed voice related services, IP/packet communications services, sale of telecommunications equipment, system integration services and other services; long distance and international communications business, which comprises fixed voice related services and IP/packet communications services; mobile communications business, which comprises mobile voice related services and sale of telecommunications equipment; data communications business, which comprises system integration services, and other business, which comprises building maintenance, real estate rentals, systems development and other services related to research and development.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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