KDDI (OTCMKTS:KDDIY) Hits New 52-Week High – Still a Buy?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.13 and last traded at $19.44, with a volume of 96296 shares. The stock had previously closed at $19.40.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Zacks Research raised shares of KDDI from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Erste Group Bank raised shares of KDDI to a “strong-buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

KDDI Price Performance

The firm has a market capitalization of $77.90 billion, a PE ratio of 15.43, a PEG ratio of 1.06 and a beta of 0.05. The stock has a 50-day moving average price of $18.07 and a 200 day moving average price of $17.19. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.46.

KDDI (OTCMKTS:KDDIY) last announced its earnings results on Friday, August 7th. The company reported $0.32 earnings per share 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. Equities analysts forecast that KDDI Corporation Unsponsored ADR will post 2.71 EPS 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.