KDDI (OTCMKTS:KDDIY) Sees Strong Trading Volume – Time to Buy?

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) saw unusually-strong trading volume on Tuesday. Approximately 1,217,543 shares were traded during trading, an increase of 299% from the previous session’s volume of 305,309 shares. The stock last traded at $18.5050 and had previously closed at $18.53.

Analysts Set New Price Targets

KDDIY has been the topic of several research reports. Zacks Research raised shares of KDDI from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

KDDI Price Performance

The firm’s 50 day simple moving average is $18.63 and its two-hundred day simple moving average is $17.57. The firm has a market capitalization of $74.04 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.90 and a beta of 0.09. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.52.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The company had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.31 billion. As a group, analysts predict that KDDI Corporation Unsponsored ADR will post 1.29 earnings per share for the current year.

About KDDI

KDDI Corporation is a Japanese telecommunications company that provides communications, technology and digital services to consumers, businesses and government organizations. Its offerings include mobile voice and data services, fixed-line telecommunications, broadband internet, network connectivity and related information technology solutions.

KDDI markets consumer services under brands such as au, UQ mobile and povo, and also provides smartphones, internet access, digital content, financial services and other lifestyle products.