KDDI (OTCMKTS:KDDIY) Shares Gap Up Following Analyst Upgrade

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped up prior to trading on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The stock had previously closed at $18.04, but opened at $18.58. KDDI shares last traded at $17.8640, with a volume of 50,080 shares trading hands.

Separately, Erste Group Bank raised shares of KDDI to a “strong-buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

KDDI Price Performance

The stock has a 50 day simple moving average of $17.47 and a two-hundred day simple moving average of $17.01. The company has a market cap of $71.77 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 1.02 and a beta of 0.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.55.

KDDI (OTCMKTS:KDDIY) last issued its earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The company had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.31 billion. On average, equities research analysts predict that KDDI Corporation Unsponsored ADR will post 2.6 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.