KDDI (OTCMKTS:KDDIY) Sets New 52-Week High on Earnings Beat

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s stock price reached a new 52-week high during trading on Friday following a better than expected earnings announcement. The company traded as high as $19.52 and last traded at $18.9550, with a volume of 55229 shares trading hands. The stock had previously closed at $18.28.

The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04.

Analysts Set New Price Targets

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

KDDI Price Performance

The company has a market capitalization of $76.14 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.03 and a beta of 0.05. The firm has a 50-day simple moving average of $17.28 and a two-hundred day simple moving average of $16.95. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46.

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.