KDDI (OTCMKTS:KDDIY) Shares Gap Up – What’s Next?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped up prior to trading on Wednesday . The stock had previously closed at $17.49, but opened at $18.11. KDDI shares last traded at $17.3820, with a volume of 12,610 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised KDDI from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, KDDI currently has an average rating of “Hold”.

KDDI Trading Down 0.5%

The firm has a market capitalization of $66.24 billion, a PE ratio of 13.81 and a beta of 0.06. The firm has a 50 day simple moving average of $16.84 and a 200 day simple moving average of $16.78. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 0.40.

KDDI (OTCMKTS:KDDIY) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $10.40 billion. Equities analysts expect that KDDI Corporation Unsponsored ADR will post 1.11 earnings per share 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.