KDDI (OTCMKTS:KDDIY) Shares Gap Down – Should You Sell?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $18.35, but opened at $17.55. KDDI shares last traded at $18.22, with a volume of 1,449 shares changing hands.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Erste Group Bank raised shares of KDDI to a “strong-buy” rating in a report on Monday, July 27th. Zacks Research raised shares of KDDI from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, KDDI presently has a consensus rating of “Buy”.

KDDI Stock Performance

The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.56. The stock has a fifty day simple moving average of $17.57 and a two-hundred day simple moving average of $17.04. The stock has a market cap of $72.66 billion, a PE ratio of 14.39, a PEG ratio of 1.04 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last posted its earnings results on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.31 billion. Equities analysts anticipate that KDDI Corporation Unsponsored ADR will post 2.6 EPS for the current fiscal year.

KDDI Company Profile

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.