HSBC Lowers NTT Docomo (DCM) to Hold

NTT Docomo (NYSE:DCM) was downgraded by equities research analysts at HSBC from a “buy” rating to a “hold” rating in a report released on Monday.

Several other research firms have also recently weighed in on DCM. Deutsche Bank cut shares of NTT Docomo from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. ValuEngine upgraded shares of NTT Docomo from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded shares of NTT Docomo from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. NTT Docomo currently has a consensus rating of “Hold” and a consensus target price of $29.00.

Shares of NTT Docomo (NYSE:DCM) traded up $0.08 during mid-day trading on Monday, reaching $24.74. 140,000 shares of the company traded hands, compared to its average volume of 177,569. NTT Docomo has a 12-month low of $22.58 and a 12-month high of $26.14. The company has a market cap of $97,934.35, a P/E ratio of 16.38, a P/E/G ratio of 2.94 and a beta of 0.09. The company has a quick ratio of 2.09, a current ratio of 2.20 and a debt-to-equity ratio of 0.01.

NTT Docomo (NYSE:DCM) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.45 earnings per share for the quarter. NTT Docomo had a net margin of 13.57% and a return on equity of 10.97%. equities research analysts predict that NTT Docomo will post 1.83 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of DCM. Bank of New York Mellon Corp increased its position in NTT Docomo by 36.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 82,251 shares of the technology company’s stock valued at $1,945,000 after acquiring an additional 21,871 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of NTT Docomo by 101.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 60,674 shares of the technology company’s stock worth $1,435,000 after buying an additional 30,591 shares during the period. PNC Financial Services Group Inc. grew its position in shares of NTT Docomo by 7.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 74,123 shares of the technology company’s stock worth $1,754,000 after buying an additional 5,125 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of NTT Docomo by 5.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 119,375 shares of the technology company’s stock worth $2,823,000 after buying an additional 5,668 shares during the period. Finally, Citigroup Inc. grew its position in shares of NTT Docomo by 4.4% during the 2nd quarter. Citigroup Inc. now owns 14,034 shares of the technology company’s stock worth $332,000 after buying an additional 588 shares during the period. Hedge funds and other institutional investors own 0.51% of the company’s stock.

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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.

Analyst Recommendations for NTT Docomo (NYSE:DCM)

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