KDDI (OTCMKTS:KDDIY) Rating Increased to Strong-Buy at Erste Group Bank

Erste Group Bank upgraded shares of KDDI (OTCMKTS:KDDIY) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Zacks Research lowered shares of 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 Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

KDDI Stock Up 1.4%

Shares of KDDIY stock opened at $18.24 on Monday. The company’s fifty day simple moving average is $17.08 and its two-hundred day simple moving average is $16.88. KDDI has a 52 week low of $12.95 and a 52 week high of $18.76. The stock has a market cap of $73.10 billion, a P/E ratio of 14.71, a PEG ratio of 0.81 and a beta of 0.06. 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 issued its earnings results on Tuesday, May 12th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.63). The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $10.31 billion. Analysts predict that KDDI will post 3.3 EPS for the current fiscal 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.