KDDI (OTCMKTS:KDDIY) Shares Gap Down - Here's Why

Key Points

• KDDI Corporation's shares gapped down from $16.74 to $16.34 before the market opened, with the latest trading price being $16.86.
• Analysts have downgraded KDDI from a "strong-buy" to a "hold" rating, with a current consensus rating of "hold" according to MarketBeat.
• The company reported Q2 earnings of $0.30 per share, falling short of the expected $0.33, and had a revenue of $9.54 billion, below the projected $9.99 billion.

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $16.74, but opened at $16.34. KDDI shares last traded at $16.86, with a volume of 3,098 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of 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 data from MarketBeat, KDDI presently has a consensus rating of "Hold".

KDDI Price Performance

The company's 50-day simple moving average is $17.06 and its 200-day simple moving average is $16.96. The company has a market cap of $70.77 billion, a price-to-earnings ratio of 16.73 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 (OTCMKTS:KDDIY - Get Free Report) last posted 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 the consensus estimate of $9.99 billion. KDDI had a net margin of 10.71% and a return on equity of 10.87%. On average, equities research analysts anticipate that KDDI Corporation Unsponsored ADR will post 1.11 EPS for the current 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.

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