KDDI (OTCMKTS:KDDIY – Get Free Report) issued its earnings results on Friday. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02), Zacks reports.
KDDI Trading Down 4.5%
KDDIY stock traded down $0.83 during midday trading on Friday, hitting $17.66. 108,228 shares of the company’s stock were exchanged, compared to its average volume of 304,280. The business has a 50-day simple moving average of $18.63 and a two-hundred day simple moving average of $17.45. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $70.77 billion, a PE ratio of 14.02, a P/E/G ratio of 1.85 and a beta of 0.14. KDDI has a 1-year low of $14.67 and a 1-year high of $20.54.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Erste Group Bank raised shares of KDDI to a “strong-buy” rating in a research report on Monday, July 27th. Zacks Research upgraded shares of KDDI from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Two analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.
Get Our Latest Stock Analysis on KDDI
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.
Beyond telecommunications, KDDI offers services in areas such as digital content, e-commerce, finance and energy.
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