NTT DOCOMO, Inc (DCM) Raised to Buy at Zacks Investment Research
NTT DOCOMO, Inc (NYSE:DCM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm presently has a $26.00 price target on the technology company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 9.29% from the company’s previous close.
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. “
Separately, BidaskClub upgraded shares of NTT DOCOMO from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $26.00.
Shares of NTT DOCOMO (NYSE:DCM) traded up 1.02% during midday trading on Tuesday, reaching $23.79. The company had a trading volume of 216,090 shares. The company has a market capitalization of $88.13 billion, a P/E ratio of 15.05 and a beta of 0.13. The firm’s 50 day moving average price is $23.08 and its 200-day moving average price is $23.67. NTT DOCOMO has a 12 month low of $21.96 and a 12 month high of $25.42.
NTT DOCOMO (NYSE:DCM) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.05). NTT DOCOMO had a net margin of 13.90% and a return on equity of 11.44%. The business had revenue of $10.23 billion during the quarter. Analysts anticipate that NTT DOCOMO will post $1.56 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Strategic Global Advisors LLC lifted its holdings in NTT DOCOMO by 0.6% in the second quarter. Strategic Global Advisors LLC now owns 9,401 shares of the technology company’s stock valued at $222,000 after buying an additional 53 shares during the period. Roberts Glore & Co. Inc. IL lifted its holdings in NTT DOCOMO by 3.1% in the second quarter. Roberts Glore & Co. Inc. IL now owns 10,960 shares of the technology company’s stock valued at $259,000 after buying an additional 330 shares during the period. Checchi Capital Advisers LLC lifted its holdings in NTT DOCOMO by 2.3% in the second quarter. Checchi Capital Advisers LLC now owns 15,103 shares of the technology company’s stock valued at $357,000 after buying an additional 334 shares during the period. Wetherby Asset Management Inc. lifted its holdings in NTT DOCOMO by 1.5% in the second quarter. Wetherby Asset Management Inc. now owns 22,717 shares of the technology company’s stock valued at $537,000 after buying an additional 336 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in NTT DOCOMO by 2.4% in the second quarter. Parallel Advisors LLC now owns 16,460 shares of the technology company’s stock valued at $383,000 after buying an additional 379 shares during the period. Institutional investors and hedge funds own 0.50% of the company’s stock.
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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