KDDI (OTCMKTS:KDDIY) Sets New 12-Month High – What’s Next?

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.13 and last traded at $19.44, with a volume of 96296 shares traded. The stock had previously closed at $19.40.

Analyst Ratings Changes

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

KDDI Stock Up 0.1%

The company has a market capitalization of $77.84 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.08 and a beta of 0.05. The firm’s fifty day simple moving average is $17.96 and its two-hundred day simple moving average is $17.15. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46.

KDDI (OTCMKTS:KDDIY) last posted its earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) 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. Sell-side analysts anticipate that KDDI Corporation Unsponsored ADR will post 2.61 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, 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.