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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped up prior to trading on Wednesday. The stock had previously closed at $18.20, but opened at $18.6025. KDDI shares last traded at $18.13, with a volume of 14,522 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KDDIY shares. Zacks Research raised KDDI from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Erste Group Bank raised shares of KDDI to a “strong-buy” rating in a research note on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

KDDI Stock Down 0.2%

The firm has a 50-day moving average of $18.66 and a two-hundred day moving average of $17.48. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $72.78 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.92 and a beta of 0.09.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.31 billion. On average, equities research analysts forecast that KDDI Corporation Unsponsored ADR will post 1.28 EPS for the current year.

KDDI Company Profile

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet access and related digital services to consumers, businesses and public-sector organizations.

Its consumer brands include au, UQ mobile and povo, which offer mobile voice and data services. KDDI also provides fixed broadband and telecommunications services through offerings such as au HIKARI, as well as internet, video, payment and other lifestyle services.