Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Up After Analyst Upgrade

Koninklijke KPN NV (OTCMKTS:KKPNF) shares gapped up prior to trading on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The stock had previously closed at $4.62, but opened at $4.7680. Koninklijke KPN shares last traded at $4.68, with a volume of 748 shares.

Koninklijke KPN Stock Performance

The firm’s 50-day simple moving average is $4.61 and its two-hundred day simple moving average is $4.70. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $17.79 billion, a PE ratio of 20.79 and a beta of 0.30.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its earnings results on Tuesday, October 28th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Koninklijke KPN had a return on equity of 23.72% and a net margin of 14.37%. On average, equities research analysts expect 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.