KDDI (OTCMKTS:KDDIY) Upgraded to “Hold” at Zacks Research

KDDI (OTCMKTS:KDDIY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Erste Group Bank raised shares of KDDI to a “strong-buy” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, KDDI presently has a consensus rating of “Buy”.

KDDI Price Performance

Shares of OTCMKTS:KDDIY opened at $17.82 on Monday. KDDI has a 12 month low of $12.95 and a 12 month high of $19.52. The stock has a market cap of $71.41 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.03 and a beta of 0.05. The stock’s 50 day moving average price is $17.45 and its 200 day moving average price is $17.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.55.

KDDI (OTCMKTS:KDDIY) last issued 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 during the quarter, compared to analyst estimates of $9.31 billion. Equities research analysts anticipate that KDDI will post 2.6 earnings per share for the current fiscal 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.