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

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $4.78, but opened at $4.95. Koninklijke KPN shares last traded at $4.55, with a volume of 112,801 shares trading hands.

Analyst Upgrades and Downgrades

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

Koninklijke KPN Stock Down 2.5%

The business has a fifty day simple moving average of $4.78 and a two-hundred day simple moving average of $5.16. The company has a current ratio of 0.66, a quick ratio of 0.63 and a debt-to-equity ratio of 1.86. The company has a market cap of $17.89 billion, a PE ratio of 17.69 and a beta of 0.19.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Koninklijke KPN had a return on equity of 26.07% and a net margin of 15.09%.The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.68 billion. As a group, equities research analysts predict that Koninklijke KPN NV will post 0.27 earnings per share for the current 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.