KDDI (OTCMKTS:KDDIY) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.17 and traded as high as $17.39. KDDI shares last traded at $16.91, with a volume of 272,240 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised 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 Stock Performance

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 stock has a market capitalization of $64.38 billion, a price-to-earnings ratio of 13.42 and a beta of 0.05. The firm’s fifty day moving average price is $17.17 and its 200 day moving average price is $16.83.

KDDI (OTCMKTS:KDDIY) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $9.90 billion for the quarter, compared to analyst estimates of $10.40 billion. Analysts forecast that KDDI Corporation Unsponsored ADR will post 1.11 EPS 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.