KDDI (OTCMKTS:KDDIY) Posts Quarterly Earnings Results

KDDI (OTCMKTS:KDDIY) posted its quarterly earnings results on Friday. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04, Zacks reports. The business had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.30 billion.

KDDI Trading Up 1.2%

KDDIY traded up $0.22 during trading on Friday, hitting $18.50. 138,282 shares of the stock traded hands, compared to its average volume of 197,600. The firm has a market capitalization of $74.14 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.04 and a beta of 0.05. KDDI has a 12-month low of $12.95 and a 12-month high of $19.52. 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 50-day moving average of $17.30 and a 200 day moving average of $16.96.

Analysts Set New Price Targets

Several research analysts have recently commented on KDDIY shares. Zacks Research downgraded KDDI from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, KDDI presently has an average rating of “Moderate Buy”.

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.