KDDI (OTCMKTS:KDDIY) Stock Passes Above 50-Day Moving Average – Here’s What Happened

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.81 and traded as high as $17.42. KDDI shares last traded at $17.31, with a volume of 197,142 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded KDDI from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

KDDI Trading Down 0.1%

The stock has a market capitalization of $69.37 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.78 and a beta of 0.06. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $16.81 and a two-hundred day moving average price of $16.85.

KDDI (OTCMKTS:KDDIY) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.63). The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $10.31 billion. On average, analysts expect that KDDI Corporation Unsponsored ADR will post 3.3 EPS for the current fiscal 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.