Sell Rating Issued for KDDI Amid Sector Stagnation and Declining Profits
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 02 2024
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Source: Business Insider
Analyst Rating on KDDI: Atul Goyal from Jefferies has maintained a Sell rating on KDDI with a price target of Yen3,730.00, citing stagnation in the Japanese telecommunications sector and a decline in net profit and earnings per share as key reasons.
Company Overview: KDDI Corp. operates in various telecommunications segments, including Personal Services and Business Services, but its modest growth is overshadowed by broader industry challenges despite efforts like a share buyback to return value to investors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
