KDDI (OTCMKTS:KDDIY) Raised to “Hold” at Zacks Research

KDDI (OTCMKTS:KDDIY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Separately, Erste Group Bank raised shares of KDDI to a “strong-buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, KDDI presently has an average rating of “Buy”.

KDDI Trading Up 0.2%

KDDIY stock opened at $17.82 on Monday. The company has a market capitalization of $71.41 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 1.03 and a beta of 0.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.56. KDDI has a one year low of $12.95 and a one year high of $19.52. The company’s 50 day moving average price is $17.45 and its two-hundred day moving average price is $17.00.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.31 billion. As a group, analysts predict that KDDI will post 2.6 earnings per share for the current fiscal 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.