KDDI (OTCMKTS:KDDIY) Shares Gap Up - Here's What Happened

Key Points

• KDDI shares experienced a significant gap up, opening at $17.22 after closing at $16.47, but last traded at $15.98.
• Zacks Research downgraded KDDI from a "strong-buy" to a "hold" rating, contributing to its average rating of "Hold" among analysts.
• KDDI reported $0.30 earnings per share for the last quarter, missing estimates of $0.33, with total revenue of $9.54 billion against expected $9.99 billion.

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $16.47, but opened at $17.22. KDDI shares last traded at $15.98, with a volume of 6,780 shares changing hands.

Analyst Upgrades and Downgrades

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 data from MarketBeat, KDDI has an average rating of "Hold".

KDDI Trading Down 0.5%

The business has a 50 day moving average of $17.09 and a 200 day moving average of $17.00. The firm has a market capitalization of $68.60 billion, a price-to-earnings ratio of 16.22 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 the consensus estimate of $0.33 by ($0.03). KDDI had a return on equity of 10.87% and a net margin of 10.71%.The company had revenue of $9.54 billion for the quarter, compared to analyst estimates of $9.99 billion. As a group, research analysts predict 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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