KDDI (OTCMKTS:KDDIY) Shares Gap Down – Time to Sell?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped down before the market opened on Thursday . The stock had previously closed at $19.70, but opened at $19.2001. KDDI shares last traded at $19.90, with a volume of 38,345 shares traded.

Analysts Set New Price Targets

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

KDDI Price Performance

The company has a fifty day simple moving average of $18.28 and a two-hundred day simple moving average of $17.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.53. The stock has a market capitalization of $79.85 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 2.06 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating 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, equities research analysts expect that KDDI Corporation Unsponsored ADR will post 1.26 earnings per share for the current fiscal year.

About KDDI

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet, and related digital services to consumers, businesses, and public-sector customers. Its principal consumer brands include au, UQ mobile, and povo.

KDDI also offers enterprise services such as network connectivity, cloud computing, data centers, cybersecurity, systems integration, and communications solutions for businesses.