NTT Docomo (OTCMKTS:DCMYY) Cut to “Sell” at Zacks Investment Research

NTT Docomo (OTCMKTS:DCMYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, Zacks.com reports.

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. “

Several other research analysts have also recently issued reports on DCMYY. Deutsche Bank raised NTT Docomo from a “hold” rating to a “buy” rating in a research report on Monday, June 15th. Jefferies Financial Group cut NTT Docomo to a “hold” rating in a research report on Monday, April 6th. New Street Research upgraded NTT Docomo from a “neutral” rating to a “buy” rating in a report on Tuesday, May 12th. Finally, ValuEngine lowered NTT Docomo from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 1st. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $31.00.

Shares of OTCMKTS:DCMYY traded down $0.38 during mid-day trading on Tuesday, hitting $26.62. 108,225 shares of the company traded hands, compared to its average volume of 89,814. The stock has a market cap of $89.43 billion, a P/E ratio of 16.13 and a beta of -0.01. The company has a current ratio of 1.83, a quick ratio of 1.76 and a debt-to-equity ratio of 0.04. NTT Docomo has a 12-month low of $22.82 and a 12-month high of $33.00. The stock has a 50-day moving average price of $27.47 and a two-hundred day moving average price of $28.32.

NTT Docomo (OTCMKTS:DCMYY) last announced its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.10 billion. NTT Docomo had a return on equity of 11.69% and a net margin of 13.15%. As a group, analysts expect that NTT Docomo will post 1.79 earnings per share for the current year.

About NTT Docomo

NTT DOCOMO, INC., a telecommunications company, provides various mobile services in Japan and internationally. The company offers iPhone, iPad, smartphone, tablet, and feature phone products and services under the docomo name, as well as d POINT CLUB, a point program. It also provides technical and operational services to mobile operators and other companies.

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