KDDI (OTCMKTS:KDDIY) Shares Gap Down – Time to Sell?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped down prior to trading on Wednesday. The stock had previously closed at $18.19, but opened at $17.32. KDDI shares last traded at $17.9180, with a volume of 80,285 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Zacks Research raised KDDI from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Erste Group Bank raised shares of KDDI to a “strong-buy” rating in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

KDDI Stock Down 1.6%

The stock has a 50-day moving average of $18.62 and a 200-day moving average of $17.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.52. The firm has a market cap of $71.73 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 1.88 and a beta of 0.09.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. The company had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.31 billion. Sell-side analysts predict that KDDI Corporation Unsponsored ADR will post 1.29 EPS for the current fiscal year.

KDDI Company Profile

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet access and related digital services to consumers, businesses and public-sector organizations.

Its consumer brands include au, UQ mobile and povo, which offer mobile voice and data services. KDDI also provides fixed broadband and telecommunications services through offerings such as au HIKARI, as well as internet, video, payment and other lifestyle services.