NTT (OTCMKTS:NTTYY) Cut to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded NTT from “strong buy” to “hold,” despite the stock opening at $25.03 and trading within a 52-week range of $21.47 to $28.30.
• NTT exceeded quarterly expectations, reporting $0.53 in EPS versus a $0.46 consensus estimate and revenue of $22.97 billion versus $21.57 billion expected.
• Analysts project NTT will deliver approximately $1.90 in earnings per share for the current year; the company reported a 10.43% return on equity and a 7.17% net margin.

NTT (OTCMKTS:NTTYY - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

NTT Price Performance

NTTYY stock opened at $25.03 on Monday. NTT has a 52-week low of $21.47 and a 52-week high of $28.30. The company has a quick ratio of 0.48, a current ratio of 0.51 and a debt-to-equity ratio of 1.11. The stock has a market cap of $81.82 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 4.26 and a beta of 0.04. The business has a fifty day moving average of $23.41 and a two-hundred day moving average of $23.95.

NTT (OTCMKTS:NTTYY - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.46 by $0.07. The business had revenue of $22.97 billion for the quarter, compared to analyst estimates of $21.57 billion. NTT had a return on equity of 10.43% and a net margin of 7.17%. As a group, research analysts anticipate that NTT will post 1.9 earnings per share for the current year.

Key Stories Impacting NTT

Here are the key news stories impacting NTT this week:

• Neutral Sentiment: Authorities have established two field hospitals, seven public kitchens and other emergency services for approximately 31,000 evacuees, while continuing recovery efforts after the earthquake. NTT quake - Two field hospitals set up to maintain health services Indonesia Sets Up Seven Public Kitchens for 31,000 NTT Earthquake Evacuees
• Neutral Sentiment: The provincial government reported that earthquake-relief donations had reached about US$244,000. Indonesia is also providing Rp100 billion in food aid and Rp5 million in assistance to each affected victim. NTT quake aid fund reaches US$244,000, provincial govt says Indonesia sends Rp100 billion in food aid to NTT earthquake victims
• Neutral Sentiment: More than 19,000 homes were reportedly damaged, and survivors continue to await aid as aftershocks persist. The government says it is mobilizing resources to accelerate recovery; a possible visit by President Prabowo remains under consideration. Over 19,000 Houses Damaged in NTT Quake Indonesia mobilizes full resources to fast-track NTT quake recovery

NTT Company Profile

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Established as a state-owned entity in 1952 and privatized in 1985, NTT provides a broad array of network services and IT solutions. The company's core offerings include fixed‐line and mobile communications, high‐speed internet services, and network management for enterprise and consumer customers.

NTT's business operations are organized across several key subsidiaries.

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