KDDI (OTCMKTS:KDDIY) Shares Gap Down - Time to Sell?

Key Points

• KDDI shares gapped down from a prior close of $18.22 to open at $17.37, with only 235 shares traded; the stock was reported down 1.2%.
• Despite the decline, analysts remain bullish: Zacks Research and Erste Group Bank upgraded KDDI to “strong buy,” and the two covering analysts give it an average “Strong Buy” rating.
• KDDI’s latest quarterly results exceeded expectations, with EPS of $0.32 versus a $0.28 consensus and revenue of $9.40 billion versus $9.31 billion expected.

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY - Get Free Report)'s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $18.22, but opened at $17.37. KDDI shares last traded at $17.37, with a volume of 235 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Zacks Research upgraded KDDI from a "hold" rating to a "strong-buy" rating in a report on Friday, October 2nd. Erste Group Bank upgraded shares of KDDI to a "strong-buy" rating in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the company currently has an average rating of "Strong Buy".

KDDI Trading Down 1.2%

The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $18.66 and a 200-day simple moving average of $17.40. The company has a market cap of $71.91 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.89 and a beta of 0.09.

KDDI (OTCMKTS:KDDIY - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.04. The firm had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.31 billion. On average, analysts predict that KDDI Corporation Unsponsored ADR will post 1.29 EPS for the current fiscal year.

KDDI Company Profile

KDDI Corporation is a Japanese telecommunications company that provides communications, technology and digital services to consumers, businesses and government organizations. Its offerings include mobile voice and data services, fixed-line telecommunications, broadband internet, network connectivity and related information technology solutions.

KDDI markets consumer services under brands such as au, UQ mobile and povo, and also provides smartphones, internet access, digital content, financial services and other lifestyle products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.