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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $18.19, but opened at $17.32. KDDI shares last traded at $17.9180, with a volume of 80,285 shares traded.

Wall Street Analyst Weigh In

KDDIY has been the subject of a number of recent analyst reports. Zacks Research raised KDDI from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, KDDI currently has a consensus rating of “Strong Buy”.

KDDI Stock Performance

The company’s 50-day moving average is $18.62 and its 200-day moving average is $17.55. 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 quarterly earnings data on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The company had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.31 billion. On average, sell-side analysts forecast that KDDI Corporation Unsponsored ADR will post 1.29 earnings per share for the current fiscal year.

KDDI Company Profile

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.