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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $17.50, but opened at $16.75. KDDI shares last traded at $17.30, with a volume of 15,302 shares changing hands.

Analysts Set New Price Targets

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

KDDI Price Performance

The company has a market cap of $64.89 billion, a price-to-earnings ratio of 13.53 and a beta of 0.05. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $17.08 and a 200 day moving average price of $16.82.

KDDI (OTCMKTS:KDDIY) last announced its earnings results on Thursday, November 6th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $10.40 billion. As a group, research analysts expect that KDDI Corporation Unsponsored ADR will post 1.11 earnings per share for the current fiscal 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.