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

KDDI (OTCMKTS:KDDIY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

KDDI Stock Up 1.1%

KDDIY opened at $16.52 on Tuesday. The stock has a market cap of $66.22 billion, a price-to-earnings ratio of 13.33 and a beta of 0.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.56. The firm’s fifty day moving average is $16.64 and its 200 day moving average is $16.88. KDDI has a fifty-two week low of $12.95 and a fifty-two week high of $18.67.

KDDI (OTCMKTS:KDDIY) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.63). The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $10.31 billion. On average, sell-side analysts forecast that KDDI will post 1.23 earnings per share for the current fiscal year.

KDDI Company Profile

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.