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 $4.32, but opened at $4.5010. Koninklijke KPN shares last traded at $4.25, with a volume of 12,105 shares changing hands.

Analyst Upgrades and Downgrades

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

Koninklijke KPN Trading Up 9.4%

The stock has a market capitalization of $18.47 billion, a price-to-earnings ratio of 16.69 and a beta of 0.19. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.63 and a current ratio of 0.66. The firm has a fifty day moving average of $4.65 and a 200-day moving average of $4.97.

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

About Koninklijke KPN

Koninklijke KPN N.V. is a Dutch telecommunications company that provides connectivity and digital services to consumers, businesses and public-sector organizations. Its offerings include mobile and fixed-line communications, broadband internet, television, digital applications and related customer services.

KPN operates and manages telecommunications infrastructure in the Netherlands, including fiber-optic and mobile networks. The company also provides information and communications technology services for business customers, such as workplace connectivity, cloud solutions, cybersecurity and managed network services.