KDDI (OTCMKTS:KDDIY) Shares Gap Up – What’s Next?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $18.20, but opened at $18.6025. KDDI shares last traded at $18.13, with a volume of 14,522 shares traded.

Analysts Set New Price Targets

KDDIY has been the topic of several research analyst reports. Zacks Research upgraded shares of KDDI from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, KDDI presently has an average rating of “Strong Buy”.

KDDI Trading Up 0.9%

The stock has a market cap of $73.50 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.91 and a beta of 0.09. The business has a 50-day simple moving average of $18.63 and a two-hundred day simple moving average of $17.51. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.52 and a current ratio of 0.53.

KDDI (OTCMKTS:KDDIY) last announced its earnings results on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.31 billion. As a group, research analysts forecast that KDDI Corporation Unsponsored ADR will post 1.28 EPS for the current year.

About KDDI

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet access and related digital services to consumers, businesses and public-sector organizations.

Its consumer brands include au, UQ mobile and povo, which offer mobile voice and data services. KDDI also provides fixed broadband and telecommunications services through offerings such as au HIKARI, as well as internet, video, payment and other lifestyle services.