KDDI (OTCMKTS:KDDIY) Reaches New 1-Year High – Time to Buy?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $20.19 and last traded at $19.8130, with a volume of 14650 shares trading hands. The stock had previously closed at $19.88.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KDDIY. Zacks Research raised shares of KDDI from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

KDDI Trading Down 2.0%

The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $78.07 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 2.09 and a beta of 0.05. The firm’s 50-day moving average is $18.18 and its 200 day moving average is $17.23.

KDDI (OTCMKTS:KDDIY) last announced its quarterly 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 business had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.31 billion. On average, equities analysts predict that KDDI Corporation Unsponsored ADR will post 1.26 earnings per share for the current fiscal year.

About KDDI

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet, and related digital services to consumers, businesses, and public-sector customers. Its principal consumer brands include au, UQ mobile, and povo.

KDDI also offers enterprise services such as network connectivity, cloud computing, data centers, cybersecurity, systems integration, and communications solutions for businesses.