KDDI (OTCMKTS:KDDIY) Shares Gap Down – Here’s What Happened

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $18.50, but opened at $17.82. KDDI shares last traded at $17.7970, with a volume of 18,213 shares traded.

Wall Street Analysts Forecast Growth

KDDIY has been the subject of a number of recent research reports. Erste Group Bank raised KDDI to a “strong-buy” rating in a report on Monday, July 27th. Zacks Research cut KDDI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, KDDI has an average rating of “Moderate Buy”.

KDDI Stock Performance

The company’s 50 day simple moving average is $17.30 and its 200 day simple moving average is $16.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.56. The stock has a market cap of $71.33 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 1.06 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last released its 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 the consensus estimate of $9.31 billion. Analysts expect that KDDI Corporation Unsponsored ADR will post 2.6 earnings per share for the current 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.