3 Telecommunications Stocks Moving The Industry Upward
1. As of noon trading, Nippon Telegraph & Telephone ( NTT) is up $0.14 (0.54) to $25.94 on light volume Thus far, 97,938 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 491,600 shares. The stock has ranged in price between $25.91-$26.09 after having opened the day at $26.00 as compared to the previous trading day's close of $25.80. Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $62.0 billion and is part of the technology sector. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7. Shares are up 22.7% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold. TheStreet Ratings rates Nippon Telegraph & Telephone as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Nippon Telegraph & Telephone Ratings Report now. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more. If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL). A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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