KDDI (OTCMKTS:KDDIY – Get Free Report) posted its earnings results on Friday. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02), Zacks reports. The business had revenue of $9.89 billion during the quarter, compared to analyst estimates of $10.01 billion.
KDDI Stock Performance
KDDI stock traded down $0.83 during midday trading on Friday, reaching $17.66. 108,228 shares of the company traded hands, compared to its average volume of 324,934. The firm has a market capitalization of $70.77 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.86 and a beta of 0.14. The business has a 50 day moving average of $18.63 and a two-hundred day moving average of $17.45. KDDI has a 12 month low of $14.67 and a 12 month high of $20.54. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.52.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on KDDIY shares. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a research note on Monday, July 27th. Zacks Research raised KDDI from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.
Get Our Latest Stock Analysis on KDDIY
KDDI Company Profile
KDDI Corporation is a Japanese telecommunications and technology company formed in 2000 through the merger of DDI, KDD and IDO. Headquartered in Tokyo, it serves consumers and businesses in Japan and provides communications and related services in international markets.
The company’s consumer offerings include mobile services under the au, UQ mobile and povo brands, as well as fixed-line communications and broadband. KDDI also provides business customers with mobile and fixed networks, cloud and data-center services, cybersecurity, and Internet of Things solutions.
Beyond telecommunications, KDDI offers services in areas such as digital content, e-commerce, finance and energy.
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