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

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) gapped down before the market opened on Friday . The stock had previously closed at $4.77, but opened at $4.66. Koninklijke KPN shares last traded at $4.66, with a volume of 159 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded shares of Koninklijke KPN to a “strong-buy” rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Koninklijke KPN Stock Performance

The company’s 50 day moving average price is $4.73 and its 200-day moving average price is $4.65. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.70 and a current ratio of 0.72. The company has a market cap of $18.39 billion, a PE ratio of 23.65 and a beta of 0.33.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Koninklijke KPN had a net margin of 14.34% and a return on equity of 23.15%. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Equities research analysts anticipate that Koninklijke KPN NV will post 0.26 earnings per share for the current fiscal year.

About Koninklijke KPN

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.