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

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $4.77, but opened at $5.0640. Koninklijke KPN shares last traded at $5.0110, with a volume of 1,323 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Koninklijke KPN currently has a consensus rating of “Buy”.

Koninklijke KPN Price Performance

The company has a debt-to-equity ratio of 1.82, a current ratio of 0.72 and a quick ratio of 0.70. The company has a 50-day simple moving average of $4.59 and a 200-day simple moving average of $4.66. The stock has a market cap of $19.46 billion, a PE ratio of 22.75 and a beta of 0.28.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Koninklijke KPN had a return on equity of 23.72% and a net margin of 14.37%.The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Sell-side analysts anticipate that Koninklijke KPN NV will post 0.26 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.