The telecommunications industry closed the day down 4.3%. Orckit Communications ( ORCT), Vicon Industries Inc ( VII), Ambient Corporation ( AMBT), and Ambient Corporation ( ABTGD) were all winners today within the telecommunications industry with Nippon Telegraph and Telephone Corporation ( NTT) being today's featured telecommunications winner. Nippon Telegraph and Telephone Corporation rose 21 cents (0.9%) to $24.16 on heavy volume. Throughout the day, 720,119 shares of Nippon Telegraph and Telephone Corporation exchanged hands as compared to its average daily volume of 457,800 shares. Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides telecommunications services to residential and business customers in Japan. Nippon Telegraph and Telephone Corporation has a market cap of $69.7 billion and is part of the technology sector. The company has a P/E ratio of 11.7, above the average telecommunications industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7. Shares are up 4.4% year to date as of the close of trading on Friday. TheStreet Ratings rates Nippon Telegraph and Telephone as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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