Nippon Telegraph and Telephone (NTTYY) Downgraded to Hold at ValuEngine

Nippon Telegraph and Telephone (OTCMKTS:NTTYY) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Several other research firms have also commented on NTTYY. Zacks Investment Research upgraded shares of Nippon Telegraph and Telephone from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Saturday, February 24th. Deutsche Bank upgraded shares of Nippon Telegraph and Telephone from a “hold” rating to a “buy” rating in a report on Thursday, February 15th.

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OTCMKTS NTTYY traded down $0.16 during mid-day trading on Monday, hitting $46.39. The company’s stock had a trading volume of 31,854 shares, compared to its average volume of 81,527. Nippon Telegraph and Telephone has a 52-week low of $41.94 and a 52-week high of $52.89. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.25 and a current ratio of 1.37. The firm has a market capitalization of $92,145.07 and a price-to-earnings ratio of 13.49.

Nippon Telegraph and Telephone (OTCMKTS:NTTYY) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.36 EPS for the quarter. Nippon Telegraph and Telephone had a net margin of 7.41% and a return on equity of 8.07%. The firm had revenue of $27.27 billion for the quarter. sell-side analysts forecast that Nippon Telegraph and Telephone will post 4.24 EPS for the current fiscal year.

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About Nippon Telegraph and Telephone

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunication equipment, system integration, and other telecommunications-related services in Japan and internationally. It operates through five segments: Regional Communications Business, Long Distance and International Communications Business, Mobile Communications Business, Data Communications Business, and Other Business.

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