Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Up – Here’s What Happened

Koninklijke KPN NV (OTCMKTS:KKPNF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $4.43, but opened at $4.7120. Koninklijke KPN shares last traded at $4.4120, with a volume of 1,301 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Koninklijke KPN from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Koninklijke KPN Trading Up 5.4%

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 stock has a market cap of $18.16 billion, a P/E ratio of 21.22 and a beta of 0.36. The stock’s 50-day moving average is $4.68 and its two-hundred day moving average is $4.71.

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