KDDI (OTCMKTS:KDDIY) Shares Gap Down – Here’s Why

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped down before the market opened on Monday . The stock had previously closed at $18.50, but opened at $17.82. KDDI shares last traded at $17.7970, with a volume of 18,213 shares.

Wall Street Analysts Forecast Growth

KDDIY has been the subject of several recent analyst reports. Zacks Research downgraded KDDI from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, KDDI presently has a consensus rating of “Moderate Buy”.

KDDI Trading Up 0.1%

The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average is $17.34 and its 200 day moving average is $16.98. The firm has a market capitalization of $71.29 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 1.02 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last released its earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.31 billion. Equities analysts predict that KDDI Corporation Unsponsored ADR will post 2.6 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.