Nippon Telegraph and Telephone (OTCMKTS:NTTYY) Trading Up 3.1% - Here's Why

Shares of Nippon Telegraph and Telephone Co. (OTCMKTS:NTTYY - Get Free Report) shot up 3.1% on Friday . The stock traded as high as $28.70 and last traded at $27.82. 55,242 shares were traded during mid-day trading, a decline of 66% from the average session volume of 162,760 shares. The stock had previously closed at $26.98.

Analyst Upgrades and Downgrades

Separately, CLSA raised shares of Nippon Telegraph and Telephone to a "hold" rating in a research note on Friday, May 30th.

Nippon Telegraph and Telephone Stock Performance

The stock has a market cap of $94.34 billion, a price-to-earnings ratio of 12.58 and a beta of 0.18. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.97 and a quick ratio of 0.91. The stock's 50-day moving average is $25.89 and its 200-day moving average is $25.17.

Nippon Telegraph and Telephone (OTCMKTS:NTTYY - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.16). Nippon Telegraph and Telephone had a net margin of 8.16% and a return on equity of 10.04%. The business had revenue of $25.20 billion during the quarter, compared to analysts' expectations of $23.93 billion.

About Nippon Telegraph and Telephone

Nippon Telegraph and Telephone Corporation operates as a telecommunications company in Japan and internationally. It operates through Integrated ICT Business, Regional Communications Business, Global Solutions Business, and Others segments. The Integrated ICT Business segment offers mobile phone, domestic inter-prefectural communications, international communications, solutions, and system development and related services.