NTT DATA (OTCMKTS:NTDTY) Downgraded to “Hold” at Zacks Investment Research

NTT DATA (OTCMKTS:NTDTYGet Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday, reports.

According to Zacks, “NTT DATA Corp. is engaged in the development and integration of information technology and data communication systems. Its operating segment consists of Public and Financial IT Services, Enterprise IT Services, Solutions and Technologies, Global Business and Others. Public and Financial IT Services segment provides IT services which support social infrastructure in the public administration, healthcare and financial sectors. Enterprise IT Services segment offers IT services in the fields of manufacturing, retail, logistics, communications, broadcasting and utilities. Solutions and Technologies segment renders platforms and solutions that support IT services. Global Business segment delivers IT services. Others segment supports the business activities of the head office. NTT DATA Corp. is headquartered in Tokyo, Japan. “

Shares of OTCMKTS:NTDTY opened at $18.25 on Thursday. NTT DATA has a 1-year low of $15.06 and a 1-year high of $22.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 1.15. The business has a fifty day moving average price of $18.90 and a 200-day moving average price of $19.89. The company has a market capitalization of $25.60 billion, a PE ratio of 24.33 and a beta of 1.30.

NTT DATA (OTCMKTS:NTDTYGet Rating) last issued its quarterly earnings results on Friday, February 4th. The company reported $0.24 earnings per share for the quarter. NTT DATA had a return on equity of 9.82% and a net margin of 4.65%. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.49 billion. On average, sell-side analysts anticipate that NTT DATA will post 0.88 earnings per share for the current fiscal year.

NTT DATA Company Profile (Get Rating)

NTT DATA Corporation provides consulting, system development, and business information technology (IT) outsourcing services worldwide. The company operates through Public & Social Infrastructure, Financial, Enterprise & Solutions, North America, and EMEA & LATAM segments. It offers value-added IT services for government, medical, telecommunications, electric power, and other social infrastructure; financial institutions; and the manufacturing, distribution, and servicing industries, as well as payment services and platform solutions.

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