KDDI (OTCMKTS:KDDIY) Shares Gap Down – Time to Sell?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) shares gapped down before the market opened on Monday . The stock had previously closed at $18.04, but opened at $17.11. KDDI shares last traded at $17.75, with a volume of 838 shares traded.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a research note on Monday, July 27th. Zacks Research lowered KDDI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat, KDDI presently has an average rating of “Moderate Buy”.

KDDI Trading Down 1.6%

The firm’s 50-day simple moving average is $17.42 and its 200 day simple moving average is $16.99. The stock has a market cap of $71.11 billion, a P/E ratio of 14.08, a PEG ratio of 1.03 and a beta of 0.05. 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 issued its quarterly earnings data 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. As a group, equities research analysts anticipate that KDDI Corporation Unsponsored ADR will post 2.6 earnings per share for the current 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.