KDDI (OTCMKTS:KDDIY) Shares Gap Down – Should You Sell?

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped down prior to trading on Wednesday. The stock had previously closed at $18.90, but opened at $18.02. KDDI shares last traded at $18.64, with a volume of 4,623 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KDDIY. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a report on Monday, July 27th. Zacks Research raised shares of KDDI from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

KDDI Stock Down 1.2%

The company has a market cap of $74.70 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 1.98 and a beta of 0.05. The stock has a 50-day simple moving average of $18.61 and a 200-day simple moving average of $17.42. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 0.44.

KDDI (OTCMKTS:KDDIY) last issued 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 business had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.31 billion. As a group, analysts predict 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.