KDDI (OTCMKTS:KDDIY) Shares Gap Up – What’s Next?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) shares gapped up prior to trading on Monday . The stock had previously closed at $17.45, but opened at $18.37. KDDI shares last traded at $17.89, with a volume of 1,130 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research cut KDDI from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

KDDI Price Performance

The company has a market cap of $70.81 billion, a P/E ratio of 14.25, a P/E/G ratio of 0.80 and a beta of 0.06. The company’s 50-day moving average price is $16.98 and its two-hundred day moving average price is $16.86. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46.

KDDI (OTCMKTS:KDDIY) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.63). The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $10.31 billion. As a group, sell-side analysts expect that KDDI Corporation Unsponsored ADR will post 3.3 earnings per share for the current year.

KDDI Company Profile

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.