KDDI (OTCMKTS:KDDIY) Rating Lowered to “Hold” at Zacks Research

KDDI (OTCMKTS:KDDIY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

Separately, Erste Group Bank raised 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

KDDI Stock Performance

Shares of KDDIY stock opened at $17.85 on Monday. The company has a market cap of $71.53 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 1.86 and a beta of 0.14. The stock has a 50 day simple moving average of $18.61 and a 200-day simple moving average of $17.46. KDDI has a 12-month low of $14.67 and a 12-month high of $20.54. 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 released its quarterly earnings data on Friday, November 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.02). The company had revenue of $9.89 billion for the quarter, compared to analyst estimates of $10.01 billion. On average, equities analysts forecast that KDDI will post 1.29 EPS for the current year.

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.