KDDI (OTCMKTS:KDDIY) Shares Gap Down – Here’s Why

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) shares gapped down before the market opened on Tuesday. The stock had previously closed at $18.22, but opened at $17.37. KDDI shares last traded at $17.37, with a volume of 235 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Zacks Research upgraded KDDI from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a research note on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, KDDI has a consensus rating of “Strong Buy”.

KDDI Stock Down 1.9%

The firm has a market cap of $70.63 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.89 and a beta of 0.09. The business’s 50 day moving average price is $18.66 and its 200 day moving average price is $17.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.52 and a current ratio of 0.53.

KDDI (OTCMKTS:KDDIY) last posted its 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 firm had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.31 billion. On average, equities analysts forecast that KDDI Corporation Unsponsored ADR will post 1.29 EPS for the current year.

About KDDI

KDDI Corporation is a Japanese telecommunications company that provides communications, technology and digital services to consumers, businesses and government organizations. Its offerings include mobile voice and data services, fixed-line telecommunications, broadband internet, network connectivity and related information technology solutions.

KDDI markets consumer services under brands such as au, UQ mobile and povo, and also provides smartphones, internet access, digital content, financial services and other lifestyle products.