KDDI (OTCMKTS:KDDIY) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.17 and traded as high as $17.39. KDDI shares last traded at $16.91, with a volume of 272,240 shares changing hands.

Wall Street Analysts Forecast Growth

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, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

KDDI Trading Down 0.6%

The firm has a market cap of $64.00 billion, a P/E ratio of 13.34 and a beta of 0.05. The company’s 50 day moving average is $17.16 and its two-hundred day moving average is $16.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.56 and a quick ratio of 0.54.

KDDI (OTCMKTS:KDDIY) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. The firm had revenue of $9.90 billion during the quarter, compared to analyst estimates of $10.40 billion. On average, sell-side analysts predict that KDDI Corporation Unsponsored ADR will post 1.11 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.