Internet Initiative Japan climbs; SMBC Nikko Securities raises to "outperform"

Internet Initiative Japan

26/03/2018 06:59

** Shares of internet service provider Internet Initiative
Japan Inc  3774.T  rise 3.8 pct to 1-week high of 2,240 yen
    ** SMBC Nikko Securities raises stock rating to "outperform"
from "neutral", price target to 2,800 yen from 1,700 yen, citing
steady mobile business and cloud security services
    ** As of 0553 GMT, about 406,200 shares have been traded,
compared with 30-day moving average of 251,880 shares a day
    ** Among 6 analysts that cover the stock, current average
rating is "buy", with 2 "strong buy" or "buy", 3 "hold"; mean PT
is 2,290 yen
    ** Stock's 12-mth forward price-to-earnings ratio at 22.83,
compared with 19.87 at the end of last year

 ((Reuters
Messaging:ayai.tomisawa.thomsonreuters.com@reuters.net))