NEW YORK ( TheStreet) -- Nippon Telegraph and Telephone Corporation (NYSE: NTT) hit a new 52-week high Wednesday as it is currently trading at $25.25, above its previous 52-week high of $25.18 with 342,549 shares traded as of 2:15 p.m. ET. Average volume has been 590,200 shares over the past 30 days.

Nippon Telegraph and Telephone has a market cap of $70.5 billion and is part of the technology sector and telecommunications industry. Shares are up 7.1% year to date as of the close of trading on Tuesday.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides telecommunications services to residential and business customers in Japan. The company has a P/E ratio of 11.9, above the average telecommunications industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 17.7.
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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, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Nippon Telegraph and Telephone Ratings Report.

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