KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY – Get Free Report) shares gapped down before the market opened on Monday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $18.49, but opened at $17.5750. KDDI shares last traded at $17.78, with a volume of 9,644 shares.
The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The firm had revenue of $9.89 billion during the quarter, compared to analyst estimates of $10.01 billion.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a research note on Monday, July 27th. Zacks Research upgraded KDDI from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating. According to MarketBeat, KDDI presently has a consensus rating of “Strong Buy”.
Read Our Latest Stock Analysis on KDDI
KDDI Trading Down 3.8%
The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 0.44. The stock has a market cap of $71.25 billion, a P/E ratio of 14.11, a PEG ratio of 1.83 and a beta of 0.14. The firm’s 50-day simple moving average is $18.63 and its 200 day simple moving average is $17.45.
KDDI Company Profile
KDDI Corporation is a Japanese telecommunications and technology company formed in 2000 through the merger of DDI, KDD and IDO. Headquartered in Tokyo, it serves consumers and businesses in Japan and provides communications and related services in international markets.
The company’s consumer offerings include mobile services under the au, UQ mobile and povo brands, as well as fixed-line communications and broadband. KDDI also provides business customers with mobile and fixed networks, cloud and data-center services, cybersecurity, and Internet of Things solutions.
Beyond telecommunications, KDDI offers services in areas such as digital content, e-commerce, finance and energy.
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