Zacks Investment Research upgraded shares of NTT DOCOMO, Inc (NYSE:DCM) from a sell rating to a hold rating in a research report sent to investors on Wednesday, August 9th.
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 also recently commented on DCM. Cantor Fitzgerald downgraded NTT DOCOMO from an overweight rating to a neutral rating in a report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) downgraded NTT DOCOMO from a buy rating to a neutral rating in a report on Tuesday, May 30th. Finally, BidaskClub downgraded NTT DOCOMO from a hold rating to a sell rating in a report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. NTT DOCOMO presently has an average rating of Hold and an average price target of $27.00.
NTT DOCOMO (DCM) traded up 0.43% during mid-day trading on Wednesday, reaching $23.38. The company had a trading volume of 170,840 shares. NTT DOCOMO has a one year low of $21.96 and a one year high of $27.07. The firm’s 50-day moving average is $23.39 and its 200-day moving average is $23.89. The firm has a market capitalization of $86.61 billion, a P/E ratio of 15.04 and a beta of 0.12.
NTT DOCOMO (NYSE:DCM) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.05. The firm had revenue of $10.23 billion for the quarter. NTT DOCOMO had a net margin of 13.90% and a return on equity of 11.44%. On average, equities research analysts anticipate that NTT DOCOMO will post $1.56 earnings per share for the current fiscal year.
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A number of large investors have recently made changes to their positions in the company. Sei Investments Co. increased its stake 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 buying an additional 525 shares during the period. Creative Planning increased its stake in shares of NTT DOCOMO by 1.4% in the first quarter. Creative Planning now owns 8,215 shares of the technology company’s stock valued at $192,000 after buying an additional 112 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of NTT DOCOMO during the first quarter valued at about $212,000. M&T Bank Corp bought a new stake in shares of NTT DOCOMO during the second quarter valued at about $215,000. Finally, Strategic Global Advisors LLC bought a new stake in shares of NTT DOCOMO during the first quarter valued at about $218,000. Institutional investors and hedge funds own 0.51% 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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