Koninklijke KPN (OTCMKTS:KKPNF) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Koninklijke KPN (OTCMKTS:KKPNF) released its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01), Zacks reports. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Koninklijke KPN had a net margin of 15.09% and a return on equity of 26.25%.

Koninklijke KPN Price Performance

Shares of OTCMKTS:KKPNF opened at $4.78 on Friday. The firm has a fifty day moving average price of $5.02 and a two-hundred day moving average price of $5.18. The company has a market cap of $18.59 billion, a price-to-earnings ratio of 18.39 and a beta of 0.18. Koninklijke KPN has a one year low of $4.25 and a one year high of $5.81.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy”.

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.