KDDI (OTCMKTS:KDDIY) Stock Moved Down to Hold by Zacks Research

Zacks Research lowered shares of KDDI (OTCMKTS:KDDIY) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks reports.

Separately, Erste Group Bank raised shares of KDDI to a “strong-buy” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

KDDI Stock Performance

KDDI stock opened at $17.85 on Monday. The firm has a market capitalization of $71.53 billion, a P/E ratio of 14.28, a PEG ratio of 1.86 and a beta of 0.14. The stock has a fifty day moving average price of $18.61 and a 200 day moving average price of $17.46. KDDI has a 52 week low of $14.67 and a 52 week high of $20.54. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 0.44.

KDDI (OTCMKTS:KDDIY) last issued its quarterly earnings results on Friday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The business had revenue of $9.89 billion during the quarter, compared to analysts’ expectations of $10.01 billion. Equities research analysts anticipate that KDDI will post 1.29 earnings per share for the current year.

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.