Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Down – Here’s What Happened

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) gapped down before the market opened on Tuesday . The stock had previously closed at $4.68, but opened at $4.5650. Koninklijke KPN shares last traded at $4.6850, with a volume of 924 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Koninklijke KPN from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Koninklijke KPN Stock Down 2.5%

The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.70 and a current ratio of 0.72. The firm’s 50 day moving average price is $4.60 and its two-hundred day moving average price is $4.70. The company has a market cap of $17.75 billion, a P/E ratio of 20.75 and a beta of 0.30.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Koninklijke KPN had a net margin of 14.37% and a return on equity of 23.72%. Equities research analysts anticipate that Koninklijke KPN NV will post 0.26 EPS for the current fiscal year.

About Koninklijke KPN

Koninklijke KPN N.V. (Royal KPN) is a Dutch telecommunications and ICT services company headquartered in The Hague. The group traces its origins to the Dutch national postal and telecommunications service and evolved into a privatized commercial operator. KPN is primarily listed on Euronext Amsterdam and its American depositary receipts trade over the counter under the symbol KKPNF.

KPN’s core activities cover a full range of telecommunications and digital infrastructure services. For consumer markets it offers fixed-line and mobile voice services, broadband internet, television and bundled connectivity packages.