KDDI (OTCMKTS:KDDIY) Shares Gap Up – What’s Next?

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $16.44, but opened at $17.24. KDDI shares last traded at $16.56, with a volume of 194,399 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of KDDI from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

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KDDI Price Performance

The stock has a market cap of $66.64 billion, a PE ratio of 13.41 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. The business has a fifty day moving average of $16.64 and a 200 day moving average of $16.88.

KDDI (OTCMKTS:KDDIY – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.63). The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $10.31 billion. Sell-side analysts anticipate that KDDI Corporation Unsponsored ADR will post 1.23 earnings per share for the current year.

KDDI Company Profile

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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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