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

Koninklijke KPN NV (OTCMKTS:KKPNF) gapped up before the market opened on Monday . The stock had previously closed at $4.64, but opened at $4.96. Koninklijke KPN shares last traded at $4.96, with a volume of 460 shares trading hands.

Analyst Ratings Changes

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

Koninklijke KPN Trading Down 8.1%

The stock’s 50-day moving average price is $5.16 and its 200-day moving average price is $5.16. The company has a market capitalization of $18.04 billion, a P/E ratio of 17.85 and a beta of 0.18.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Koninklijke KPN had a net margin of 15.10% and a return on equity of 26.25%. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $1.71 billion. Sell-side analysts expect that Koninklijke KPN NV will post 0.27 earnings per share 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.