KDDI (OTCMKTS:KDDIY) Reaches New 12-Month High – Here’s What Happened

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) shares reached a new 52-week high during trading on Thursday . The company traded as high as $19.75 and last traded at $19.23, with a volume of 8060 shares traded. The stock had previously closed at $18.71.

Analysts Set New Price Targets

KDDIY has been the subject of several research analyst reports. Zacks Research upgraded KDDI from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

KDDI Trading Up 1.5%

The firm has a market capitalization of $76.66 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.06 and a beta of 0.05. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $17.76 and its 200 day moving average is $17.11.

KDDI (OTCMKTS:KDDIY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.31 billion. Equities analysts forecast that KDDI Corporation Unsponsored ADR will post 2.61 earnings per share 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.