Koninklijke KPN (OTCMKTS:KKPNF) Rating Lowered to Hold at Zacks Investment Research

Koninklijke KPN (OTCMKTS:KKPNF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Koninklijke KPN NV, formerly Royal PTT Nederland NV is an international service provider in the fields of post, telecommunications, cable and multimedia. The operational activities are carried out by operating companies and profit centres. For example, PTT Post collects, sorts and distributes large flows of postal items and PTT Telecom provides private individuals, companies, institutions and organizations with a wide range of telecommunications services. KPN Kabel operates, develops and manages cable networks and services. “

Shares of Koninklijke KPN stock traded up $0.01 on Friday, hitting $3.26. 9,760 shares of the company traded hands, compared to its average volume of 38,899. The stock has a market capitalization of $13.69 billion, a P/E ratio of 21.73 and a beta of -0.18. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.71 and a current ratio of 0.73. Koninklijke KPN has a 52 week low of $2.31 and a 52 week high of $3.62. The business has a 50-day simple moving average of $3.24 and a 200 day simple moving average of $3.31.

About Koninklijke KPN

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. The company operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. It offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.

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