Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Down – What’s Next?

Koninklijke KPN NV (OTCMKTS:KKPNF) shares gapped down before the market opened on Wednesday . The stock had previously closed at $5.22, but opened at $4.64. Koninklijke KPN shares last traded at $4.64, with a volume of 5,124 shares traded.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Koninklijke KPN Price Performance

The firm’s fifty day simple moving average is $5.17 and its 200 day simple moving average is $5.16. The company has a market capitalization of $19.64 billion, a price-to-earnings ratio of 19.42 and a beta of 0.18.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $1.71 billion. Koninklijke KPN had a net margin of 15.10% and a return on equity of 26.25%. Equities research analysts forecast that Koninklijke KPN NV will post 0.27 earnings per share for the current fiscal year.

About Koninklijke KPN

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.