Koninklijke KPN (OTCMKTS:KKPNF) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) saw unusually-high trading volume on Monday. 135,434 shares changed hands during trading, an increase of 158% from the previous session’s volume of 52,455 shares. The stock last traded at $4.35 and had previously closed at $4.51.

Wall Street Analysts Forecast Growth

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

Koninklijke KPN Price Performance

The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 16.73 and a beta of 0.19. The company has a fifty day simple moving average of $4.65 and a 200 day simple moving average of $4.96. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.63 and a current ratio of 0.66.

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

Koninklijke KPN Company Profile

Koninklijke KPN N.V. is a telecommunications company headquartered in the Netherlands. The company provides mobile and fixed-line communications services to consumers, businesses and public-sector organizations, primarily within the Dutch market.

KPN’s consumer offerings include mobile connectivity, broadband internet, fixed-line telephone services and television. The company also provides related digital services and operates communications networks that support voice, data and internet traffic.

Through its business activities, KPN serves small and medium-sized enterprises, large corporations and government customers with connectivity, workplace communications, cloud, cybersecurity and other information and communications technology solutions.