KDDI (OTCMKTS:KDDIY) Hits New 1-Year High – Here’s Why

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $20.19 and last traded at $19.8130, with a volume of 14650 shares traded. The stock had previously closed at $19.88.

Analysts Set New Price Targets

Several research firms have recently commented on KDDIY. Zacks Research raised KDDI from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.

KDDI Stock Down 2.0%

The stock has a 50-day moving average of $18.18 and a 200-day moving average of $17.23. 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 cap of $78.07 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 2.09 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last issued its quarterly 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 company had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.31 billion. Sell-side analysts predict that KDDI Corporation Unsponsored ADR will post 1.26 EPS for the current fiscal 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, and related digital services to consumers, businesses, and public-sector customers. Its principal consumer brands include au, UQ mobile, and povo.

KDDI also offers enterprise services such as network connectivity, cloud computing, data centers, cybersecurity, systems integration, and communications solutions for businesses.