KDDI (OTCMKTS:KDDIY) Shares Gap Down – Time to Sell?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) gapped down before the market opened on Wednesday. The stock had previously closed at $18.19, but opened at $17.32. KDDI shares last traded at $17.9180, with a volume of 80,285 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Zacks Research upgraded KDDI from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

KDDI Price Performance

The company’s 50-day moving average price is $18.62 and its two-hundred day moving average price is $17.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.52. The company has a market capitalization of $71.73 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 1.88 and a beta of 0.09.

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

About KDDI

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet access and related digital services to consumers, businesses and public-sector organizations.

Its consumer brands include au, UQ mobile and povo, which offer mobile voice and data services. KDDI also provides fixed broadband and telecommunications services through offerings such as au HIKARI, as well as internet, video, payment and other lifestyle services.