Zacks Investment Research Downgrades Ntt Data (NTDTY) to Hold

Zacks Investment Research lowered shares of Ntt Data (OTCMKTS:NTDTY) from a buy rating to a hold rating in a research note released on Friday morning.

According to Zacks, “NTT DATA Corp. is engaged in the development and integration of information technology and data communication systems. Its operating segment consists of Public and Financial IT Services, Enterprise IT Services, Solutions and Technologies, Global Business and Others. Public and Financial IT Services segment provides IT services which support social infrastructure in the public administration, healthcare and financial sectors. Enterprise IT Services segment offers IT services in the fields of manufacturing, retail, logistics, communications, broadcasting and utilities. Solutions and Technologies segment renders platforms and solutions that support IT services. Global Business segment delivers IT services. Others segment supports the business activities of the head office. NTT DATA Corp. is headquartered in Tokyo, Japan. “

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Shares of NTDTY remained flat at $$10.33 during mid-day trading on Friday. Ntt Data has a 1 year low of $3.12 and a 1 year high of $13.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.22 and a current ratio of 1.31. The company has a market capitalization of $14,487.83, a P/E ratio of 23.69, a PEG ratio of 2.75 and a beta of 3.76.

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About Ntt Data

NTT DATA Corporation provides consulting, system development, and business information technology (IT) outsourcing services worldwide. The company operates through four segments: Public & Social Infrastructure, Financial, Enterprise & Solutions, and Global. It offers business consulting services, such as business strategy, business process optimization, and organizational change management; and IT consulting services, including IT strategy and governance, information and knowledge management, and program management office consulting services.

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