KDDI CORP/ADR (OTCMKTS:KDDIY) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of KDDI CORP/ADR (OTCMKTS:KDDIY) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, Zacks.com reports.

According to Zacks, “KDDI Corporation is a comprehensive communications company offering both fixed-line and mobile communications services. For individual customers, KDDI offers its mobile communications and fixed-line communications like broadband Internet/telephone services under the brand name au. For business clients, KDDI provides all services in the Information and Communication Technology realm, from Fixed Mobile Convergence networks to data centers, applications, and security strategies. KDDI Corporation is headquartered in Tokyo, Japan. “

A number of other equities research analysts have also weighed in on KDDIY. Citigroup raised shares of KDDI CORP/ADR from a sell rating to a neutral rating in a report on Monday, May 25th. ValuEngine lowered shares of KDDI CORP/ADR from a sell rating to a strong sell rating in a report on Monday, June 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $16.00.

KDDIY opened at $16.10 on Thursday. KDDI CORP/ADR has a fifty-two week low of $12.05 and a fifty-two week high of $16.42. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.00 and a quick ratio of 0.98. The firm has a market capitalization of $75.84 billion, a price-to-earnings ratio of 12.58 and a beta of 0.17. The company’s 50 day moving average price is $15.10 and its two-hundred day moving average price is $14.78.

KDDI CORP/ADR (OTCMKTS:KDDIY) last posted its earnings results on Thursday, May 14th. The company reported $0.22 earnings per share for the quarter. KDDI CORP/ADR had a net margin of 12.22% and a return on equity of 13.45%. The firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.95 billion. As a group, equities research analysts predict that KDDI CORP/ADR will post 1.33 EPS for the current year.

About KDDI CORP/ADR

KDDI Corporation provides telecommunications services in Japan and internationally. It operates through four segments: Personal Services, Life Design Services, Business Services, and Global Services. The Personal Services segment offers mobile services under the au brand; MVNO services; and fixed-line services, including FTTH services under the au Hikari brand, as well as CATV and other services.

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