KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Friday following a stronger than expected earnings report. The stock traded as high as $19.52 and last traded at $18.9550, with a volume of 55229 shares traded. The stock had previously closed at $18.28.
The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04.
Wall Street Analyst Weigh In
KDDIY has been the subject of several recent analyst reports. Zacks Research lowered shares of KDDI from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 23rd. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, KDDI has an average rating of “Moderate Buy”.
KDDI Price Performance
The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The firm has a market cap of $76.14 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.03 and a beta of 0.05. The stock has a 50 day moving average price of $17.28 and a two-hundred day moving average price of $16.95.
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.
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