Koninklijke KPN (OTCMKTS:KKPNF) Trading Up 5.7% – Here’s What Happened

Koninklijke KPN NV (OTCMKTS:KKPNF)’s stock price rose 5.7% on Monday . The company traded as high as $5.00 and last traded at $5.00. 1,245 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 52,307 shares. The stock had previously closed at $4.73.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded shares of Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a 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, the stock presently has an average rating of “Buy”.

Koninklijke KPN Trading Up 5.7%

The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.63 and a current ratio of 0.66. The firm has a market cap of $19.44 billion, a PE ratio of 19.23 and a beta of 0.19. The stock has a 50-day simple moving average of $4.79 and a two-hundred day simple moving average of $5.18.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Koninklijke KPN had a return on equity of 26.07% and a net margin of 15.09%. As a group, sell-side analysts anticipate that Koninklijke KPN NV will post 0.27 EPS for the current 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.