Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Up – Should You Buy?

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $4.69, but opened at $4.95. Koninklijke KPN shares last traded at $4.95, with a volume of 187 shares trading hands.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Koninklijke KPN Price Performance

The company has a market cap of $19.25 billion, a P/E ratio of 19.04 and a beta of 0.19. The company has a fifty day simple moving average of $4.82 and a 200-day simple moving average of $5.20.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.68 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.09%. On average, 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.