The stock of NTT Docomo Inc (ADR) (NYSE:DCM) gapped up by $0.48 today and has $32.37 target or 32.00% above today’s $24.52 share price. The 6 months technical chart setup indicates low risk for the $97.17B company. The gap was reported on Oct, 14 by Barchart.com. If the $32.37 price target is reached, the company will be worth $31.09B more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 89,144 shares traded hands. NTT Docomo Inc (ADR) (NYSE:DCM) has risen 4.17% since March 11, 2016 and is uptrending. It has underperformed by 1.29% the S&P500.
Analysts await NTT Docomo Inc (ADR) (NYSE:DCM) to report earnings on November, 4.
NTT Docomo Inc (ADR) (NYSE:DCM) Ratings Coverage
Out of 4 analysts covering NTT DOCOMO Inc (NYSE:DCM), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. NTT DOCOMO Inc has been the topic of 4 analyst reports since September 2, 2015 according to StockzIntelligence Inc. Barclays Capital upgraded the stock to “Overweight” rating in Wednesday, September 2 report. The rating was upgraded by Mizuho on Tuesday, March 8 to “Neutral”. The rating was downgraded by TheStreet on Friday, October 16 to “Hold”. Nomura upgraded NTT Docomo Inc (ADR) (NYSE:DCM) on Monday, January 4 to “Buy” rating.
According to Zacks Investment Research, “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.”
More notable recent NTT Docomo Inc (ADR) (NYSE:DCM) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011, also Barrons.com with their article: “NTT DoCoMo Stock Can Ring Up a Gain of 25%” published on June 23, 2016, Zacks.com published: “Is NTT DOCOMO (DCM) a Great Growth Stock?” on August 26, 2016. More interesting news about NTT Docomo Inc (ADR) (NYSE:DCM) were released by: Nasdaq.com and their article: “Mid-Morning Market Update: Markets Open Higher; Constellation Brands Tops Q2 Views” published on October 05, 2016 as well as Nasdaq.com‘s news article titled: “Mid-Morning Market Update: Markets Open Higher; BlackBerry Earnings Beat Estimates” with publication date: September 28, 2016.
DCM Company Profile
NTT DOCOMO, INC. (DOCOMO), incorporated on August 14, 1991, is a mobile telecommunications carrier. The Firm operates through three divisions: telecommunications business, smart life business and other businesses. The telecommunications business segment includes mobile phone services (long-term evolution (LTE) (Xi) services and freedom of mobile multimedia access (FOMA) services), optical-fiber broadband service, satellite mobile communications services, international services and equipment sales related to these services. The smart life business segment includes video and music distribution, electronic books and other services offered through its dmarket portal, as well as finance/payment services, shopping services and various other services to support the Company’s customers’ daily lives. The Company’s other businesses segment primarily includes Mobile Device Protection Service, as well as the development, sale and maintenance of information technology (IT) systems. As of March 31, 2016, the Company had 70,964 thousand cellular subscribers.
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