KDDI CORP/ADR (OTCMKTS:KDDIY) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of KDDI CORP/ADR (OTCMKTS:KDDIY) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday 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 brokerages have also recently issued reports on KDDIY. ValuEngine raised shares of Zuora from a hold rating to a buy rating in a research report on Saturday, July 6th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 1,700 ($22.21) price objective on shares of in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold.

Shares of KDDI CORP/ADR stock traded down $0.05 on Wednesday, hitting $13.21. 2,418 shares of the company’s stock traded hands, compared to its average volume of 77,052. KDDI CORP/ADR has a one year low of $10.47 and a one year high of $14.19. The company has a market cap of $63.21 billion, a PE ratio of 12.46 and a beta of 0.16. The firm has a 50-day moving average price of $12.81.

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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