KDDI (OTCMKTS:KDDIY) Reaches New 52-Week High – Should You Buy?

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.54 and last traded at $20.54, with a volume of 1230 shares traded. The stock had previously closed at $19.51.

Analyst Ratings Changes

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

KDDI Stock Performance

The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 0.44. The company has a market cap of $77.66 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 2.07 and a beta of 0.05. The company has a 50 day moving average price of $18.46 and a 200-day moving average price of $17.34.

KDDI (OTCMKTS:KDDIY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The company had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.31 billion. On average, equities analysts expect that KDDI Corporation Unsponsored ADR will post 1.26 earnings per share for the current fiscal year.

KDDI Company Profile

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.