KDDI (OTCMKTS:KDDIY) Shares Gap Up – Still a Buy?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $18.04, but opened at $18.58. KDDI shares last traded at $17.8640, with a volume of 50,080 shares changing hands.

Wall Street Analysts Forecast Growth

KDDIY has been the topic of several recent analyst reports. Erste Group Bank raised KDDI to a “strong-buy” rating in a research report on Monday, July 27th. Zacks Research downgraded shares of KDDI from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

KDDI Stock Performance

The firm’s fifty day moving average price is $17.43 and its 200-day moving average price is $17.00. The company has a market cap of $71.49 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.03 and a beta of 0.05. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46.

KDDI (OTCMKTS:KDDIY) last released its 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 firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.31 billion. As a group, research analysts forecast that KDDI Corporation Unsponsored ADR will post 2.6 EPS 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.