KDDI (OTCMKTS:KDDIY) Shares Gap Up – Still a Buy?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $17.45, but opened at $18.37. KDDI shares last traded at $17.89, with a volume of 1,130 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut KDDI from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, KDDI has a consensus rating of “Sell”.

KDDI Price Performance

The stock has a market cap of $71.19 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.80 and a beta of 0.06. 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 company has a 50-day simple moving average of $16.92 and a two-hundred day simple moving average of $16.85.

KDDI (OTCMKTS:KDDIY) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.63). The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $10.31 billion. As a group, equities research analysts forecast that KDDI Corporation Unsponsored ADR will post 3.3 EPS for the current 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.