Deutsche Bank Upgrades NTT Docomo (DCM) to Hold

NTT Docomo (NYSE:DCM) was upgraded by equities research analysts at Deutsche Bank from a “sell” rating to a “hold” rating in a research report issued on Friday, The Fly reports.

Several other research firms have also issued reports on DCM. Zacks Investment Research lowered NTT Docomo from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. ValuEngine raised NTT Docomo from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, HSBC reissued a “hold” rating on shares of NTT Docomo in a report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $29.00.

Shares of NTT Docomo (NYSE:DCM) traded up $0.24 during midday trading on Friday, reaching $25.37. The company’s stock had a trading volume of 337,899 shares, compared to its average volume of 185,991. The company has a current ratio of 2.20, a quick ratio of 2.09 and a debt-to-equity ratio of 0.01. NTT Docomo has a 52-week low of $22.58 and a 52-week high of $26.14. The firm has a market cap of $99,161.50, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 2.98 and a beta of 0.09.

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

Large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in NTT Docomo by 34.0% in the third quarter. Wells Fargo & Company MN now owns 1,522,764 shares of the technology company’s stock valued at $34,703,000 after buying an additional 386,160 shares in the last quarter. Capital Bank & Trust Co boosted its stake in NTT Docomo by 6.8% in the third quarter. Capital Bank & Trust Co now owns 396,287 shares of the technology company’s stock valued at $9,031,000 after buying an additional 25,232 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in NTT Docomo by 18.1% in the third quarter. Ameriprise Financial Inc. now owns 71,644 shares of the technology company’s stock valued at $1,632,000 after buying an additional 10,970 shares in the last quarter. Conning Inc. acquired a new stake in NTT Docomo in the third quarter valued at about $566,000. Finally, OxFORD Asset Management LLP boosted its stake in NTT Docomo by 50.8% in the second quarter. OxFORD Asset Management LLP now owns 93,963 shares of the technology company’s stock valued at $2,222,000 after buying an additional 31,658 shares in the last quarter. 0.51% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Deutsche Bank Upgrades NTT Docomo (DCM) to Hold” was first reported by American Market News and is owned by of American Market News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/01/26/deutsche-bank-upgrades-ntt-docomo-dcm-to-hold.html.

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.