KDDI (OTCMKTS:KDDIY) Stock Price Passes Above 50-Day Moving Average – What’s Next?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.81 and traded as high as $17.42. KDDI shares last traded at $17.31, with a volume of 197,142 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of KDDI from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, KDDI currently has a consensus rating of “Sell”.

KDDI Stock Down 0.1%

The stock has a market cap of $69.37 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 0.78 and a beta of 0.06. The firm has a 50 day simple moving average of $16.81 and a 200-day simple moving average of $16.85. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.46.

KDDI (OTCMKTS:KDDIY) last issued its earnings results on Tuesday, May 12th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.63). The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $10.31 billion. On average, equities research analysts forecast that KDDI Corporation Unsponsored ADR will post 3.3 earnings per share for the current fiscal year.

About KDDI

KDDI Corporation (OTCMKTS: KDDIY) is a diversified Japanese telecommunications and information services company headquartered in Tokyo, Japan. Formed in 2000 through the merger of DDI Corporation, KDD Corporation and IDO Corporation, KDDI provides a broad set of connectivity and digital services for both consumer and enterprise customers. The company operates under well-known consumer brands and through a network of subsidiaries and affiliates that deliver telecommunications, internet and ICT solutions.

At its core, KDDI offers mobile communications services (including the “au” consumer brand), fixed-line and broadband internet access, and fiber-optic services.