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

Shares of 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 trading hands.

Analyst Upgrades and Downgrades

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

KDDI Stock Performance

The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $66.28 billion, a P/E ratio of 13.82 and a beta of 0.06. The stock has a fifty day moving average of $16.76 and a 200-day moving average of $16.77.

KDDI (OTCMKTS:KDDIY) last announced its earnings results on Thursday, November 6th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $9.90 billion for the quarter, compared to analyst estimates of $10.40 billion. On average, research analysts anticipate that KDDI Corporation Unsponsored ADR will post 1.11 EPS 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.