KDDI (OTCMKTS:KDDIY) Sees Large Volume Increase – Here’s Why

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) shares saw an uptick in trading volume on Tuesday. 1,217,543 shares changed hands during trading, an increase of 299% from the previous session’s volume of 305,309 shares. The stock last traded at $18.5050 and had previously closed at $18.53.

Analyst Ratings Changes

KDDIY has been the subject of a number of recent research reports. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a research note on Monday, July 27th. Zacks Research upgraded KDDI from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. 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 0.9%

The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. The firm’s 50-day simple moving average is $18.66 and its 200 day simple moving average is $17.60.

KDDI (OTCMKTS:KDDIY) last released its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.31 billion. As a group, equities analysts expect that KDDI Corporation Unsponsored ADR will post 1.29 earnings per share for the current year.

About KDDI

KDDI Corporation is a Japanese telecommunications company that provides communications, technology and digital services to consumers, businesses and government organizations. Its offerings include mobile voice and data services, fixed-line telecommunications, broadband internet, network connectivity and related information technology solutions.

KDDI markets consumer services under brands such as au, UQ mobile and povo, and also provides smartphones, internet access, digital content, financial services and other lifestyle products.