Nippon Telegraph & Telephone Corp. (NYSE:NTT)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $45.07, but opened at $45.24. Nippon Telegraph & Telephone Corp. shares last traded at $45.73, with a volume of 117,008 shares traded.

Separately, Zacks Investment Research cut shares of Nippon Telegraph & Telephone Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 17th.

The stock has a market cap of $94.52 billion, a P/E ratio of 12.66 and a beta of 0.09. The firm has a 50-day moving average price of $46.21 and a 200 day moving average price of $45.25.

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A number of institutional investors have recently modified their holdings of the stock. Cullen Capital Management LLC bought a new position in shares of Nippon Telegraph & Telephone Corp. during the second quarter valued at approximately $6,655,000. Todd Asset Management LLC increased its position in shares of Nippon Telegraph & Telephone Corp. by 39.3% in the second quarter. Todd Asset Management LLC now owns 420,917 shares of the company’s stock valued at $19,817,000 after buying an additional 118,722 shares during the last quarter. Sensato Investors LLC bought a new position in shares of Nippon Telegraph & Telephone Corp. during the first quarter valued at approximately $4,940,000. Aperio Group LLC increased its position in shares of Nippon Telegraph & Telephone Corp. by 8.3% in the first quarter. Aperio Group LLC now owns 1,494,846 shares of the company’s stock valued at $64,637,000 after buying an additional 114,048 shares during the last quarter. Finally, GRATRY & Co LLC bought a new position in shares of Nippon Telegraph & Telephone Corp. during the first quarter valued at approximately $4,579,000. 1.40% of the stock is owned by institutional investors and hedge funds.

About Nippon Telegraph & Telephone Corp.

5 Day Chart for NYSE:NTT

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