KDDI (OTCMKTS:KDDIY) Reaches New 12-Month High – Here’s What Happened

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) shares hit a new 52-week high on Thursday . The company traded as high as $19.75 and last traded at $19.23, with a volume of 8060 shares. The stock had previously closed at $18.71.

Analyst Upgrades and Downgrades

KDDIY has been the topic of several recent analyst reports. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a report on Monday, July 27th. Zacks Research upgraded shares of KDDI from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, KDDI has an average rating of “Buy”.

KDDI Stock Performance

The firm’s 50 day simple moving average is $17.76 and its 200-day simple moving average is $17.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.56. The company has a market capitalization of $76.66 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 1.06 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last released its earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.31 billion. Analysts expect that KDDI Corporation Unsponsored ADR will post 2.61 EPS for the current 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.