NTT DATA (OTCMKTS:NTDTY) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of NTT DATA (OTCMKTS:NTDTY) from a buy rating to a hold rating in a research report released on Tuesday, Zacks.com 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. “

NTDTY opened at $16.00 on Tuesday. The firm has a 50-day moving average price of $16.08 and a 200-day moving average price of $14.27. NTT DATA has a twelve month low of $7.70 and a twelve month high of $16.65. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $22.44 billion, a price-to-earnings ratio of 31.37 and a beta of 1.52.

About NTT DATA

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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