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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $18.04, but opened at $17.11. KDDI shares last traded at $17.75, with a volume of 838 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a research report on Monday, July 27th. Zacks Research cut shares of KDDI from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

KDDI Stock Down 1.6%

The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.56. The stock’s fifty day simple moving average is $17.42 and its two-hundred day simple moving average is $16.99. The company has a market capitalization of $71.11 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 1.03 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.31 billion. On average, sell-side analysts anticipate that KDDI Corporation Unsponsored ADR will post 2.6 EPS 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.