KDDI (OTCMKTS:KDDIY) Sees Large Volume Increase – Here’s Why
by Danessa Lincoln · The Markets DailyKDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY – Get Free Report) shares saw strong trading volume on Tuesday. 1,217,543 shares changed hands during mid-day trading, an increase of 299% from the previous session’s volume of 305,309 shares. The stock last traded at $18.5050 and had previously closed at $18.53.
Wall Street Analysts Forecast Growth
Several analysts have commented on KDDIY shares. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a report on Monday, July 27th. Zacks Research raised shares of KDDI from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.
Check Out Our Latest Stock Analysis on KDDIY
KDDI Trading Down 0.3%
The business’s fifty day moving average price is $18.63 and its 200 day moving average price is $17.57. The company has a market cap of $74.04 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.90 and a beta of 0.09. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.52.
KDDI (OTCMKTS:KDDIY – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. The company had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.31 billion. Research analysts anticipate that KDDI Corporation Unsponsored ADR will post 1.29 earnings per share for the current fiscal year.
About KDDI
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.