Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Down – Time to Sell?

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price gapped down before the market opened on Tuesday. The stock had previously closed at $4.47, but opened at $4.20. Koninklijke KPN shares last traded at $4.60, with a volume of 1,127 shares changing hands.

Wall Street Analysts Forecast Growth

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 equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Koninklijke KPN Price Performance

The stock’s 50 day simple moving average is $4.69 and its 200 day simple moving average is $5.03. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.63 and a current ratio of 0.66. The firm has a market capitalization of $17.82 billion, a P/E ratio of 17.62 and a beta of 0.19.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.68 billion. Koninklijke KPN had a net margin of 15.09% and a return on equity of 26.07%. As a group, 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. is a Dutch telecommunications company that provides connectivity and digital services to consumers, businesses and public-sector organizations. Its offerings include mobile and fixed-line communications, broadband internet, television, digital applications and related customer services.

KPN operates and manages telecommunications infrastructure in the Netherlands, including fiber-optic and mobile networks. The company also provides information and communications technology services for business customers, such as workplace connectivity, cloud solutions, cybersecurity and managed network services.