Koninklijke KPN (OTCMKTS:KKPNF) Trading Up 5.1% – Time to Buy?

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price was up 5.1% during mid-day trading on Tuesday . The company traded as high as $4.91 and last traded at $4.91. Approximately 5,641 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 54,522 shares. The stock had previously closed at $4.67.

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 given a Hold rating to the company. According to MarketBeat.com, Koninklijke KPN has a consensus rating of “Buy”.

Koninklijke KPN Stock Up 1.7%

The company has a market capitalization of $18.55 billion, a P/E ratio of 18.35 and a beta of 0.19. The business has a 50 day simple moving average of $4.82 and a 200-day simple moving average of $5.20.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.09%. Equities analysts forecast that Koninklijke KPN NV will post 0.27 EPS for the current fiscal year.

Koninklijke KPN Company Profile

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.