KDDI (OTCMKTS:KDDIY) Shares Gap Down – Time to Sell?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $17.50, but opened at $16.75. KDDI shares last traded at $17.30, with a volume of 15,302 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised KDDI from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

KDDI Stock Down 1.2%

The firm has a 50 day moving average of $17.03 and a two-hundred day moving average of $16.81. The stock has a market capitalization of $65.85 billion, a PE ratio of 13.73 and a beta of 0.05. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 0.40.

KDDI (OTCMKTS:KDDIY) last posted its earnings results on Thursday, November 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The firm had revenue of $9.90 billion during the quarter, compared to analyst estimates of $10.40 billion. Equities research analysts anticipate that KDDI Corporation Unsponsored ADR will post 1.11 earnings per share for the current year.

About KDDI

KDDI Corporation (OTCMKTS: KDDIY) is a diversified Japanese telecommunications and information services company headquartered in Tokyo, Japan. Formed in 2000 through the merger of DDI Corporation, KDD Corporation and IDO Corporation, KDDI provides a broad set of connectivity and digital services for both consumer and enterprise customers. The company operates under well-known consumer brands and through a network of subsidiaries and affiliates that deliver telecommunications, internet and ICT solutions.

At its core, KDDI offers mobile communications services (including the “au” consumer brand), fixed-line and broadband internet access, and fiber-optic services.