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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $18.90, but opened at $18.02. KDDI shares last traded at $18.64, with a volume of 4,623 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Zacks Research upgraded shares of KDDI from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

KDDI Stock Down 1.2%

The business’s fifty day moving average price is $18.61 and its 200 day moving average price is $17.42. The company has a market capitalization of $74.70 billion, a P/E ratio of 14.79, a P/E/G ratio of 1.98 and a beta of 0.05. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 0.44.

KDDI (OTCMKTS:KDDIY) last issued 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 company had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.31 billion. As a group, equities research analysts predict that KDDI Corporation Unsponsored ADR will post 1.28 earnings per share for the current fiscal year.

About KDDI

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet access and related digital services to consumers, businesses and public-sector organizations.

Its consumer brands include au, UQ mobile and povo, which offer mobile voice and data services. KDDI also provides fixed broadband and telecommunications services through offerings such as au HIKARI, as well as internet, video, payment and other lifestyle services.