KDDI (OTCMKTS:KDDIY) Rating Lowered to Hold at Zacks Research

KDDI (OTCMKTS:KDDIY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Separately, Erste Group Bank raised shares of KDDI to a “strong-buy” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

KDDI Stock Down 0.2%

KDDI stock opened at $17.85 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. The stock has a market cap of $71.53 billion, a P/E ratio of 14.28, a P/E/G ratio of 1.86 and a beta of 0.14. The company’s 50-day moving average price is $18.61 and its two-hundred day moving average price is $17.46. KDDI has a twelve month low of $14.67 and a twelve month high of $20.54.

KDDI (OTCMKTS:KDDIY) last posted its quarterly earnings results on Friday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.02). The company had revenue of $9.89 billion for the quarter, compared to analyst estimates of $10.01 billion. As a group, analysts expect that KDDI will post 1.29 EPS for the current year.

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.