Koninklijke KPN (OTCMKTS:KKPNF) Sees Strong Trading Volume – Still a Buy?

Koninklijke KPN NV (OTCMKTS:KKPNF) saw strong trading volume on Wednesday . 104,843 shares traded hands during trading, an increase of 317% from the previous session’s volume of 25,118 shares.The stock last traded at $4.68 and had previously closed at $4.51.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Koninklijke KPN from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Koninklijke KPN Stock Performance

The firm has a market capitalization of $18.20 billion, a P/E ratio of 21.27 and a beta of 0.30. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.72 and a quick ratio of 0.70. The firm has a 50-day moving average price of $4.61 and a two-hundred day moving average price of $4.70.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Koninklijke KPN had a return on equity of 23.72% and a net margin of 14.37%.The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $1.46 billion. On average, analysts forecast that Koninklijke KPN NV will post 0.26 EPS for the current fiscal year.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. It operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. The company offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail and business consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.