Koninklijke KPN (OTCMKTS:KKPNF) Sees Unusually-High Trading Volume – Here’s Why

Koninklijke KPN NV (OTCMKTS:KKPNF) shares saw unusually-strong trading volume on Thursday . Approximately 2,843,440 shares changed hands during trading, an increase of 7,806% from the previous session’s volume of 35,965 shares.The stock last traded at $5.5168 and had previously closed at $5.63.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Koninklijke KPN Stock Down 2.0%

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 market capitalization of $21.45 billion, a P/E ratio of 22.99 and a beta of 0.28. The business has a 50 day moving average price of $4.89 and a 200 day moving average price of $4.75.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. Koninklijke KPN had a return on equity of 24.84% and a net margin of 14.72%. On average, analysts predict that Koninklijke KPN NV will post 0.26 earnings per share for the current year.

Koninklijke KPN Company Profile

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.