KDDI (OTCMKTS:KDDIY) Shares Gap Down - What's Next?

Key Points

• KDDI shares gapped down from a previous close of $16.19 to open at $14.80, and last traded at $15.33 with a volume of 20,062 shares.
• Zacks Research downgraded KDDI from a "strong-buy" rating to a "hold" rating, aligning with the consensus rating of "Hold" among analysts.
• The company's recent earnings report revealed an EPS of $0.30, missing estimates by $0.03, along with revenues of $9.54 billion, which fell short of the expected $9.99 billion.

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $16.19, but opened at $14.80. KDDI shares last traded at $15.33, with a volume of 20,062 shares trading hands.

Analyst Upgrades and Downgrades

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

KDDI Price Performance

The stock has a 50-day moving average price of $17.08 and a 200 day moving average price of $17.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.57. The firm has a market cap of $68.10 billion, a price-to-earnings ratio of 16.10 and a beta of 0.12.

KDDI (OTCMKTS:KDDIY - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). KDDI had a return on equity of 10.87% and a net margin of 10.71%.The firm had revenue of $9.54 billion for the quarter, compared to analyst estimates of $9.99 billion. As a group, equities research analysts forecast that KDDI Corporation Unsponsored ADR will post 1.11 earnings per share 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.

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