Koninklijke KPN (OTCMKTS:KKPNF) Sees Strong Trading Volume – What’s Next?

Koninklijke KPN NV (OTCMKTS:KKPNF) saw unusually-high trading volume on Tuesday . Approximately 186,520 shares were traded during mid-day trading, an increase of 169% from the previous session’s volume of 69,446 shares.The stock last traded at $5.4610 and had previously closed at $5.56.

Wall Street Analyst Weigh In

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

Koninklijke KPN Trading Up 1.8%

The company has a market cap of $22.02 billion, a PE ratio of 23.59 and a beta of 0.24. The stock has a 50 day moving average price of $5.42 and a 200 day moving average price of $4.90.

Koninklijke KPN (OTCMKTS:KKPNF) last released its earnings results on Wednesday, January 28th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Koninklijke KPN had a net margin of 14.72% and a return on equity of 24.84%. Equities analysts expect that Koninklijke KPN NV will post 0.26 EPS for the current fiscal year.

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.