KDDI (OTCMKTS:KDDIY) Shares Gap Up – Time to Buy?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) shares gapped up before the market opened 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 traded.

Analysts Set New Price Targets

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, KDDI presently has an average rating of “Sell”.

KDDI Stock Performance

The stock has a 50 day simple moving average of $16.64 and a 200 day simple moving average of $16.88. 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 company has a market cap of $66.64 billion, a price-to-earnings ratio of 13.41 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last posted its earnings results on Tuesday, May 12th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.63). The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $10.31 billion. As a group, analysts predict that KDDI Corporation Unsponsored ADR will post 1.23 EPS for the current year.

KDDI Company Profile

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.