KDDI (OTCMKTS:KDDIY) Issues Earnings Results

KDDI (OTCMKTS:KDDIY) released its quarterly earnings results on Friday. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02), Zacks reports. The business had revenue of $9.89 billion during the quarter, compared to the consensus estimate of $10.01 billion.

KDDI Trading Down 4.5%

OTCMKTS KDDIY opened at $17.66 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.52 and a current ratio of 0.53. The firm has a market cap of $70.77 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.83 and a beta of 0.14. The firm has a 50 day simple moving average of $18.63 and a 200-day simple moving average of $17.45. KDDI has a one year low of $14.67 and a one year high of $20.54.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KDDIY shares. Zacks Research raised KDDI from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Erste Group Bank raised KDDI to a “strong-buy” rating in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

About KDDI

KDDI Corporation is a Japanese telecommunications and technology company formed in 2000 through the merger of DDI, KDD and IDO. Headquartered in Tokyo, it serves consumers and businesses in Japan and provides communications and related services in international markets.

The company’s consumer offerings include mobile services under the au, UQ mobile and povo brands, as well as fixed-line communications and broadband. KDDI also provides business customers with mobile and fixed networks, cloud and data-center services, cybersecurity, and Internet of Things solutions.

Beyond telecommunications, KDDI offers services in areas such as digital content, e-commerce, finance and energy.