Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Down – What’s Next?

Koninklijke KPN NV (OTCMKTS:KKPNF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $4.69, but opened at $4.54. Koninklijke KPN shares last traded at $4.6950, with a volume of 6,973 shares.

Wall Street Analyst Weigh In

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

Koninklijke KPN Price Performance

The stock has a market capitalization of $18.32 billion, a price-to-earnings ratio of 18.12 and a beta of 0.19. The firm has a fifty day moving average of $4.82 and a 200 day moving average of $5.20.

Koninklijke KPN (OTCMKTS:KKPNF) last announced 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). Koninklijke KPN had a net margin of 15.09% and a return on equity of 26.25%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. Research analysts predict 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.