KDDI (OTCMKTS:KDDIY) Stock Passes Above 50 Day Moving Average – Time to Sell?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $16.26 and traded as high as $17.35. KDDI shares last traded at $16.92, with a volume of 518,858 shares.

Analysts Set New Price Targets

Separately, Zacks Research downgraded KDDI from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, KDDI presently has a consensus rating of “Sell”.

KDDI Price Performance

The company’s 50-day simple moving average is $16.27 and its 200 day simple moving average is $16.83. The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $72.95 billion, a P/E ratio of 17.25 and a beta of 0.08.

KDDI (OTCMKTS:KDDIY) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $9.90 billion for the quarter, compared to analyst estimates of $10.40 billion. As a group, sell-side analysts expect that KDDI Corporation Unsponsored ADR will post 1.11 earnings per share for the current fiscal year.

About KDDI

KDDI Corporation provides telecommunications services in Japan and internationally. It operates in two segments, Personal Services and Business Services. The Personal Services segment offers telecommunication services and other services such as finance, energy, and LX through its multi-brands au, UQ mobile, and povo.