KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY – Get Free Report) gapped down prior to trading on Monday following a dissappointing earnings announcement. The stock had previously closed at $18.49, but opened at $17.5750. KDDI shares last traded at $17.78, with a volume of 9,644 shares.
The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.02). The company had revenue of $9.89 billion during the quarter, compared to analysts’ expectations of $10.01 billion.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on KDDIY. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a report on Monday, July 27th. Zacks Research upgraded KDDI from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Two analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.
KDDI Trading Down 3.8%
The stock has a market cap of $71.25 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.83 and a beta of 0.14. The firm’s 50 day moving average is $18.63 and its two-hundred day moving average is $17.45. The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 0.44.
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.
Read More
- Five stocks we like better than KDDI
- America’s Rare Earth Clock Is Running Out, But the Bottleneck Isn’t Where You Think
- Atlassian Tanks After Huge Run as Guidance Disappoints, But Strength Remains
- Lemonade’s Revenue Soars 73%—So Why Did Its Stock Turn Sour After Earnings?
- Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
Receive News & Ratings for KDDI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KDDI and related companies with MarketBeat.com's FREE daily email newsletter.
