NTT DOCOMO, Inc (NYSE:DCM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

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 equities research analysts have also recently weighed in on DCM. Cantor Fitzgerald cut NTT DOCOMO from an “overweight” rating to a “neutral” rating in a research report on Thursday, April 27th. BidaskClub raised NTT DOCOMO from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) lowered NTT DOCOMO from a “buy” rating to a “neutral” rating in a report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. NTT DOCOMO has a consensus rating of “Hold” and an average price target of $27.00.

Shares of NTT DOCOMO (NYSE:DCM) traded down 0.13% during trading on Wednesday, hitting $23.41. 94,768 shares of the company’s stock were exchanged. NTT DOCOMO has a 1-year low of $21.96 and a 1-year high of $27.22. The stock’s 50-day moving average price is $23.82 and its 200-day moving average price is $23.94. The stock has a market cap of $86.72 billion, a PE ratio of 15.10 and a beta of 0.12.

NTT DOCOMO (NYSE:DCM) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.05. NTT DOCOMO had a return on equity of 11.44% and a net margin of 13.90%. The company had revenue of $10.23 billion during the quarter. On average, equities analysts expect that NTT DOCOMO will post $1.56 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. raised its stake in NTT DOCOMO by 27.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 91,797 shares of the technology company’s stock worth $2,171,000 after buying an additional 19,670 shares during the period. Pacer Advisors Inc. bought a new stake in NTT DOCOMO during the second quarter worth $1,788,000. Parallel Advisors LLC raised its stake in NTT DOCOMO by 2.4% in the second quarter. Parallel Advisors LLC now owns 16,460 shares of the technology company’s stock worth $383,000 after buying an additional 379 shares during the period. Geneva Advisors LLC raised its stake in NTT DOCOMO by 13.7% in the second quarter. Geneva Advisors LLC now owns 57,518 shares of the technology company’s stock worth $1,360,000 after buying an additional 6,920 shares during the period. Finally, Marshall Wace North America L.P. bought a new stake in NTT DOCOMO during the second quarter worth $3,085,000. 0.55% of the stock is owned by hedge funds and other institutional investors.

NTT DOCOMO Company Profile

NTT DOCOMO, INC. (DOCOMO) is a mobile telecommunications carrier. The Company operates through three segments: telecommunications business, smart life business and other businesses. The telecommunications business segment includes mobile phone services (long-term evolution (LTE) (Xi) services and freedom of mobile multimedia access (FOMA) services), optical-fiber broadband service, satellite mobile communications services, international services and equipment sales related to these services.

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