KDDI (OTCMKTS:KDDIY) Shares Gap Up – What’s Next?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped up before the market opened on Monday . The stock had previously closed at $16.81, but opened at $17.80. KDDI shares last traded at $17.1735, with a volume of 12,364 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of KDDI from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, KDDI currently has a consensus rating of “Hold”.

KDDI Stock Up 2.3%

The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 0.40. The business has a 50-day simple moving average of $17.16 and a 200-day simple moving average of $16.84. The company has a market cap of $65.46 billion, a PE ratio of 13.65 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last announced its earnings results on Thursday, November 6th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $9.90 billion for the quarter, compared to analyst estimates of $10.40 billion. Equities research analysts anticipate that KDDI Corporation Unsponsored ADR will post 1.11 EPS for the current year.

About KDDI

KDDI Corporation (OTCMKTS: KDDIY) is a diversified Japanese telecommunications and information services company headquartered in Tokyo, Japan. Formed in 2000 through the merger of DDI Corporation, KDD Corporation and IDO Corporation, KDDI provides a broad set of connectivity and digital services for both consumer and enterprise customers. The company operates under well-known consumer brands and through a network of subsidiaries and affiliates that deliver telecommunications, internet and ICT solutions.

At its core, KDDI offers mobile communications services (including the “au” consumer brand), fixed-line and broadband internet access, and fiber-optic services.