Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Up – Still a Buy?

Koninklijke KPN NV (OTCMKTS:KKPNF) shares gapped up prior to trading on Wednesday . The stock had previously closed at $4.3590, but opened at $4.6610. Koninklijke KPN shares last traded at $4.2590, with a volume of 148,135 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Koninklijke KPN from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Koninklijke KPN Price Performance

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 capitalization of $17.19 billion, a price-to-earnings ratio of 20.09 and a beta of 0.28. The stock’s 50 day simple moving average is $4.57 and its 200-day simple moving average is $4.68.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly 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). Koninklijke KPN had a return on equity of 23.72% and a net margin of 14.37%.The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $1.46 billion. On average, analysts expect that Koninklijke KPN NV will post 0.26 EPS for the current fiscal year.

Koninklijke KPN Company Profile

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.