KDDI (OTCMKTS:KDDIY) Hits New 12-Month High – What’s Next?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $18.76 and last traded at $18.00, with a volume of 2321 shares traded. The stock had previously closed at $17.46.

Wall Street Analyst Weigh In

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

KDDI Stock Performance

The firm’s 50 day moving average price is $17.04 and its 200-day moving average price is $16.87. 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 $72.17 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 0.80 and a beta of 0.06.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.63). The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $10.31 billion. On average, analysts anticipate that KDDI Corporation Unsponsored ADR will post 3.3 earnings per share 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.