KDDI (OTCMKTS:KDDIY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• KDDI Corporation experienced a significant increase in trading volume, with 726,862 shares changing hands, marking a 185% rise from the prior session.
• Following a recent research update, Zacks Research downgraded KDDI from a "strong-buy" rating to a "hold" rating, contributing to a consensus rating of "Hold" for the stock.
• The company reported earnings per share of $0.30 for the last quarter, falling short of analysts' expectations of $0.33, with revenue also below estimates at $9.54 billion.

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY - Get Free Report) saw an uptick in trading volume on Thursday . 726,862 shares changed hands during trading, an increase of 185% from the previous session's volume of 254,968 shares.The stock last traded at $15.68 and had previously closed at $15.47.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered KDDI from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, KDDI currently has a consensus rating of "Hold".

KDDI Stock Performance

The stock has a market capitalization of $65.08 billion, a PE ratio of 15.39 and a beta of 0.06. The stock has a fifty day moving average of $16.93 and a 200-day moving average of $16.97. The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 0.39.

KDDI (OTCMKTS:KDDIY - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). The company had revenue of $9.54 billion during the quarter, compared to analysts' expectations of $9.99 billion. Equities analysts anticipate that KDDI Corporation Unsponsored ADR will post 1.11 earnings per share for the current fiscal year.

About KDDI

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.

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