Zacks Investment Research downgraded shares of NTT Docomo Inc. (NYSE:DCM) from a buy rating to a hold rating in a research report released on Tuesday.
According to Zacks, “NTT DoCoMo is the world’s leading mobile communications company. The company provides a wide variety of leading-edge mobile multimedia services. These include i-mode, the world’s most popular mobile Internet service, which provides e-mail and Internet access, and FOMA, launched in 2001 as the world’s first 3G mobile service. The company is expanding its global reach through strategic joint ventures and other alliances with mobile and multimedia service providers in the Asia-Pacific region, Europe and North America. “
Shares of NTT Docomo (NYSE:DCM) opened at 25.12 on Tuesday. The company has a market cap of $93.74 billion, a P/E ratio of 15.66 and a beta of 0.11. NTT Docomo has a 12 month low of $18.95 and a 12 month high of $28.43. The stock’s 50 day moving average is $24.80 and its 200 day moving average is $25.67.
A number of large investors have recently bought and sold shares of DCM. Advisor Group Inc. acquired a new stake in NTT Docomo during the second quarter worth $169,000. IFP Advisors Inc raised its stake in NTT Docomo by 2.7% in the second quarter. IFP Advisors Inc now owns 6,327 shares of the company’s stock worth $171,000 after buying an additional 166 shares during the last quarter. Creative Planning raised its stake in NTT Docomo by 4,466.5% in the third quarter. Creative Planning now owns 7,900 shares of the company’s stock worth $201,000 after buying an additional 7,727 shares during the last quarter. M&T Bank Corp acquired a new stake in NTT Docomo during the second quarter worth $215,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in NTT Docomo during the second quarter worth $218,000. 0.52% of the stock is currently owned by hedge funds and other institutional investors.
About NTT Docomo
NTT DOCOMO, INC. (DOCOMO) is a mobile telecommunications carrier. The Company operates through three segments: telecommunications business, smart life business and other businesses. Its telecommunications business includes those from mobile phone services, optical-fiber broadband service, satellite mobile communications services, international services and equipment sales related to these services.