KDDI (OTCMKTS:KDDIY) Shares Gap Down – Here’s Why

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped down prior to trading on Thursday . The stock had previously closed at $19.70, but opened at $19.2001. KDDI shares last traded at $19.90, with a volume of 38,345 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Erste Group Bank raised KDDI to a “strong-buy” rating in a research report on Monday, July 27th. Zacks Research upgraded shares of KDDI from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

KDDI Trading Down 2.0%

The company has a market capitalization of $78.03 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 2.10 and a beta of 0.05. The company has a 50-day moving average price of $18.37 and a 200-day moving average price of $17.30. The company has a quick ratio of 0.55, a current ratio of 0.53 and a debt-to-equity ratio of 0.44.

KDDI (OTCMKTS:KDDIY) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.31 billion. Research analysts predict that KDDI Corporation Unsponsored ADR will post 1.26 EPS for the current fiscal year.

About KDDI

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet, and related digital services to consumers, businesses, and public-sector customers. Its principal consumer brands include au, UQ mobile, and povo.

KDDI also offers enterprise services such as network connectivity, cloud computing, data centers, cybersecurity, systems integration, and communications solutions for businesses.