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

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 raised NTT DOCOMO from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.00.

Shares of NTT DOCOMO (NYSE:DCM) traded down 0.53% during mid-day trading on Friday, hitting $24.39. The company had a trading volume of 152,217 shares. The firm has a market capitalization of $90.35 billion, a P/E ratio of 15.43 and a beta of 0.13. The firm has a 50-day moving average price of $23.11 and a 200 day moving average price of $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 released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.05). The company had revenue of $10.23 billion for the quarter. NTT DOCOMO had a return on equity of 11.44% and a net margin of 13.90%. On average, equities research analysts forecast that NTT DOCOMO will post $1.56 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in DCM. Bank of New York Mellon Corp grew its position in shares of NTT DOCOMO by 85.1% in the first quarter. Bank of New York Mellon Corp now owns 60,380 shares of the technology company’s stock valued at $1,410,000 after purchasing an additional 27,764 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of NTT DOCOMO by 2.2% in the first quarter. UBS Asset Management Americas Inc. now owns 113,707 shares of the technology company’s stock valued at $2,655,000 after purchasing an additional 2,449 shares during the period. Sei Investments Co. grew its position in shares of NTT DOCOMO by 12.1% in the first quarter. Sei Investments Co. now owns 4,848 shares of the technology company’s stock valued at $113,000 after purchasing an additional 525 shares during the period. Ameriprise Financial Inc. grew its position in shares of NTT DOCOMO by 23.6% in the first quarter. Ameriprise Financial Inc. now owns 30,083 shares of the technology company’s stock valued at $702,000 after purchasing an additional 5,748 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of NTT DOCOMO in the first quarter valued at $614,000. 0.50% of the stock is owned by institutional investors and hedge funds.

About NTT DOCOMO

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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