Koninklijke KPN (OTCMKTS:KKPNF) Trading 8.8% Higher – Still a Buy?

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) shot up 8.8% on Thursday . The company traded as high as $5.05 and last traded at $5.05. 3,190 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 65,079 shares. The stock had previously closed at $4.64.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets upgraded shares of Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Koninklijke KPN has a consensus rating of “Buy”.

Koninklijke KPN Stock Performance

The firm has a market capitalization of $19.64 billion, a P/E ratio of 19.42 and a beta of 0.17. The business has a fifty day moving average of $5.18 and a 200-day moving average of $5.16.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its earnings results on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $1.71 billion. Koninklijke KPN had a net margin of 15.10% and a return on equity of 26.25%. On average, equities research analysts forecast that Koninklijke KPN NV will post 0.27 earnings per share for the current fiscal year.

Koninklijke KPN Company Profile

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.