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

Koninklijke KPN NV (OTCMKTS:KKPNF) gapped down before the market opened on Friday. The stock had previously closed at $5.52, but opened at $4.40. Koninklijke KPN shares last traded at $4.80, with a volume of 954 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets raised Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One 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, the company has an average rating of “Buy”.

Koninklijke KPN Stock Performance

The company has a market capitalization of $17.89 billion, a PE ratio of 17.69 and a beta of 0.19. 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 50-day moving average price of $4.75 and a two-hundred day moving average price of $5.08.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its quarterly earnings data 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 return on equity of 26.07% and a net margin of 15.09%.The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Analysts predict that Koninklijke KPN NV will post 0.27 EPS for the current fiscal year.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. is a Netherlands-based telecommunications company that provides fixed-line, mobile and broadband communications services. The company serves consumer and business customers with mobile voice and data, internet access, fiber-optic connectivity, television and related digital communications products.

KPN also provides information and communications technology services to business and public-sector customers. Its offerings include workplace and cloud services, cybersecurity, data connectivity, network management and other IT solutions.