KDDI (OTCMKTS:KDDIY) Shares Gap Up – Still a Buy?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $18.04, but opened at $18.58. KDDI shares last traded at $17.8640, with a volume of 50,080 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KDDIY. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a research note on Monday, July 27th. Zacks Research lowered shares of 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

KDDI Price Performance

The company has a 50-day moving average of $17.43 and a 200 day moving average of $17.00. 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 firm has a market cap of $71.49 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.03 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The company had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.31 billion. On average, sell-side analysts anticipate that KDDI Corporation Unsponsored ADR will post 2.6 EPS 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.