KDDI (OTCMKTS:KDDIY) Lowered to "Hold" Rating by Zacks Research

Key Points

• KDDI has been downgraded from a "strong-buy" rating to a "hold" rating by Zacks Research.
• The company's stock recently opened at $17.36 and is currently down 0.4%, with a market capitalization of $72.70 billion.
• KDDI reported a quarterly EPS of $0.30, missing estimates by $0.03, with revenue of $9.54 billion, below the consensus estimate of $9.99 billion.

KDDI (OTCMKTS:KDDIY - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Tuesday,Zacks.com reports.

KDDI Price Performance

Shares of KDDIY traded down $0.35 during mid-day trading on Tuesday, hitting $17.25. The company's stock had a trading volume of 155,328 shares, compared to its average volume of 111,253. The firm has a 50-day moving average price of $17.02 and a 200 day moving average price of $16.93. The stock has a market capitalization of $72.24 billion, a price-to-earnings ratio of 17.08 and a beta of 0.12. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.57. KDDI has a fifty-two week low of $9.06 and a fifty-two week high of $19.09.

KDDI (OTCMKTS:KDDIY - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.03). The business had revenue of $9.54 billion during the quarter, compared to analyst estimates of $9.99 billion. KDDI had a return on equity of 10.87% and a net margin of 10.71%. On average, research analysts predict that KDDI will post 1.11 EPS for the current fiscal year.

KDDI Company Profile

KDDI Corporation provides telecommunications services in Japan and internationally. It operates in two segments, Personal Services and Business Services. The Personal Services segment offers telecommunication services and other services such as finance, energy, and LX through its multi-brands au, UQ mobile, and povo.