KDDI (OTCMKTS:KDDIY) Shares Gap Up – Still a Buy?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $18.20, but opened at $18.6025. KDDI shares last traded at $18.13, with a volume of 14,522 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on KDDIY shares. Zacks Research upgraded KDDI from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

KDDI Stock Down 0.2%

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.52. The company has a market capitalization of $72.78 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.92 and a beta of 0.09. The firm’s 50-day simple moving average is $18.66 and its two-hundred day simple moving average is $17.48.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. The firm had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Sell-side analysts predict that KDDI Corporation Unsponsored ADR will post 1.28 EPS 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.