Koninklijke KPN (OTCMKTS:KKPNF) Shares Up 5.1% – What’s Next?

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price rose 5.1% during mid-day trading on Monday . The stock traded as high as $4.95 and last traded at $4.95. 287 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 53,891 shares. The stock had previously closed at $4.71.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Koninklijke KPN Stock Up 2.4%

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’s 50 day simple moving average is $4.81 and its 200-day simple moving average is $5.20. The firm has a market cap of $18.47 billion, a P/E ratio of 18.27 and a beta of 0.19.

Koninklijke KPN (OTCMKTS:KKPNF) last issued 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). The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Koninklijke KPN had a return on equity of 26.07% and a net margin of 15.09%. Research analysts forecast that Koninklijke KPN NV will post 0.27 earnings per share for the current fiscal 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.