JPMorgan Chase & Co. cut shares of KDDI CORP/ADR (OTCMKTS:KDDIY) from a neutral rating to an underweight rating in a research report report published on Wednesday, The Fly reports.

Separately, Nomura downgraded KDDI CORP/ADR from a buy rating to a neutral rating in a research report on Wednesday, March 13th.

OTCMKTS:KDDIY opened at $10.76 on Wednesday. The company has a market capitalization of $51.49 billion, a P/E ratio of 10.15 and a beta of 0.29. KDDI CORP/ADR has a 1-year low of $10.47 and a 1-year high of $14.19.

KDDI CORP/ADR (OTCMKTS:KDDIY) last released its earnings results on Thursday, January 31st. The company reported $0.30 earnings per share for the quarter. The firm had revenue of $11.62 billion during the quarter.

KDDI CORP/ADR Company Profile

KDDI Corporation provides telecommunications services in Japan and internationally. It operates through four segments: Personal Services, Life Design Services, Business Services, and Global Services. The Personal Services segment offers mobile services under the au brand; MVNO services; and fixed-line services, including FTTH services under the au Hikari brand, as well as CATV and other services.

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