KDDI (OTCMKTS:KDDIY) Hits New 52-Week High – Should You Buy?

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.13 and last traded at $19.44, with a volume of 96296 shares trading hands. The stock had previously closed at $19.40.

Analysts Set New Price Targets

KDDIY has been the subject of several recent research reports. Erste Group Bank raised shares of KDDI to a “strong-buy” rating in a research report on Monday, July 27th. Zacks Research raised shares of KDDI from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, KDDI currently has an average rating of “Buy”.

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KDDI Price Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.55. The firm has a market cap of $77.84 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.08 and a beta of 0.05. The stock has a 50-day moving average price of $17.96 and a 200 day moving average price of $17.15.

KDDI (OTCMKTS:KDDIY – Get Free Report) last announced 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 business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.31 billion. As a group, equities research analysts forecast that KDDI Corporation Unsponsored ADR will post 2.61 earnings per share for the current fiscal year.

About KDDI

(Get Free Report)

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet, and related digital services to consumers, businesses, and public-sector customers. Its principal consumer brands include au, UQ mobile, and povo.

KDDI also offers enterprise services such as network connectivity, cloud computing, data centers, cybersecurity, systems integration, and communications solutions for businesses.

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