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

Koninklijke KPN NV (OTCMKTS:KKPNF) shares gapped up prior to trading on Tuesday . The stock had previously closed at $4.78, but opened at $4.95. Koninklijke KPN shares last traded at $4.55, with a volume of 112,801 shares changing hands.

Analyst Ratings Changes

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

Koninklijke KPN Price Performance

The business has a 50-day moving average price of $4.79 and a two-hundred day moving average price of $5.17. The company has a quick ratio of 0.63, a current ratio of 0.66 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $17.69 billion, a price-to-earnings ratio of 17.50 and a beta of 0.19.

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