KDDI (OTCMKTS:KDDIY) Cut to Strong Sell at Zacks Research

KDDI (OTCMKTS:KDDIY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

KDDI Price Performance

OTCMKTS KDDIY opened at $16.52 on Tuesday. KDDI has a 52 week low of $12.95 and a 52 week high of $18.67. The firm has a market capitalization of $66.22 billion, a P/E ratio of 13.33 and a beta of 0.05. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $16.64 and a 200-day moving average price of $16.88.

KDDI (OTCMKTS:KDDIY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.63). The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $10.31 billion. Equities research analysts anticipate that KDDI will post 1.23 earnings per share for the current year.

About KDDI

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.