KDDI (OTCMKTS:KDDIY) Posts Earnings Results, Beats Expectations By $0.04 EPS

KDDI (OTCMKTS:KDDIY) posted its quarterly earnings data on Friday. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04, Zacks reports.

KDDI Stock Performance

KDDIY traded up $0.22 on Friday, reaching $18.50. 138,282 shares of the stock were exchanged, compared to its average volume of 334,297. The company’s 50-day moving average price is $17.28 and its 200 day moving average price is $16.95. KDDI has a fifty-two week low of $12.95 and a fifty-two week high of $19.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.55. The firm has a market capitalization of $74.14 billion, a PE ratio of 14.92, a PEG ratio of 1.03 and a beta of 0.05.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KDDIY shares. Erste Group Bank raised KDDI to a “strong-buy” rating in a research report on Monday, July 27th. Zacks Research downgraded KDDI from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.