KDDI (OTCMKTS:KDDIY) Reaches New 1-Year High – Still a Buy?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $18.76 and last traded at $18.00, with a volume of 2321 shares trading hands. The stock had previously closed at $17.46.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of KDDI from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

KDDI Trading Up 1.4%

The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.55. The company has a market cap of $73.10 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 0.81 and a beta of 0.06. The business has a 50 day simple moving average of $17.08 and a 200 day simple moving average of $16.88.

KDDI (OTCMKTS:KDDIY) last announced its earnings results on Tuesday, May 12th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.63). The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $10.31 billion. As a group, equities analysts forecast that KDDI Corporation Unsponsored ADR will post 3.3 EPS for the current 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.