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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $19.09, but opened at $18.33. KDDI shares last traded at $18.85, with a volume of 1,410 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Zacks Research upgraded KDDI from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a report 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, the stock presently has a consensus rating of “Buy”.

KDDI Stock Performance

The stock’s 50 day moving average price is $17.81 and its 200 day moving average price is $17.12. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46. The firm has a market cap of $76.86 billion, a PE ratio of 15.22, a P/E/G ratio of 1.07 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.31 billion. As a group, equities analysts forecast that KDDI Corporation Unsponsored ADR will post 2.61 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.