Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Down – Here’s Why

Koninklijke KPN NV (OTCMKTS:KKPNF) shares gapped down before the market opened on Wednesday . The stock had previously closed at $4.83, but opened at $4.65. Koninklijke KPN shares last traded at $4.65, with a volume of 1,624 shares trading hands.

Wall Street Analysts Forecast Growth

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 equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Koninklijke KPN presently has a consensus rating of “Buy”.

Koninklijke KPN Stock Performance

The company has a quick ratio of 0.63, a current ratio of 0.66 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average of $4.75 and a 200 day moving average of $5.10. The stock has a market capitalization of $18.74 billion, a P/E ratio of 18.54 and a beta of 0.19.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly 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). Koninklijke KPN had a net margin of 15.09% and a return on equity of 26.07%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.68 billion. Research analysts anticipate that Koninklijke KPN NV will post 0.27 EPS for the current fiscal year.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. is a Netherlands-based telecommunications company that provides fixed-line, mobile and broadband communications services. The company serves consumer and business customers with mobile voice and data, internet access, fiber-optic connectivity, television and related digital communications products.

KPN also provides information and communications technology services to business and public-sector customers. Its offerings include workplace and cloud services, cybersecurity, data connectivity, network management and other IT solutions.