KDDI (OTCMKTS:KDDIY) Raised to Hold at Zacks Research

KDDI (OTCMKTS:KDDIY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Erste Group Bank raised KDDI to a “strong-buy” rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

KDDI Price Performance

OTCMKTS:KDDIY opened at $17.82 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.55. KDDI has a one year low of $12.95 and a one year high of $19.52. The company has a fifty day moving average price of $17.45 and a 200 day moving average price of $17.00. The stock has a market cap of $71.41 billion, a P/E ratio of 14.14, a PEG ratio of 1.03 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last issued its earnings results on Friday, August 7th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.31 billion. Analysts anticipate that KDDI 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.