Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Up – Time to Buy?

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) gapped up before the market opened on Wednesday . The stock had previously closed at $5.04, but opened at $5.3530. Koninklijke KPN shares last traded at $5.1370, with a volume of 739 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Koninklijke KPN Price Performance

The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 21.79 and a beta of 0.28. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.70 and a current ratio of 0.72. The company has a 50 day moving average of $4.62 and a 200 day moving average of $4.66.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings results on Wednesday, January 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 24.84% and a net margin of 14.72%.The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. As a group, equities research analysts anticipate that Koninklijke KPN NV will post 0.26 EPS 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.