KDDI (OTCMKTS:KDDIY) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.81 and traded as high as $17.42. KDDI shares last traded at $17.31, with a volume of 197,142 shares trading hands.

Wall Street Analysts Forecast Growth

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

KDDI Stock Performance

The business’s fifty day moving average price is $16.86 and its 200-day moving average price is $16.85. The stock has a market cap of $70.37 billion, a PE ratio of 14.16, a P/E/G ratio of 0.78 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.56.

KDDI (OTCMKTS:KDDIY) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.63). The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $10.31 billion. As a group, equities research analysts forecast that KDDI Corporation Unsponsored ADR will post 3.3 EPS for the current fiscal year.

About KDDI

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.