Koninklijke KPN (OTCMKTS:KKPNF) Shares Up 4.2% – Here’s What Happened

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) were up 4.2% during mid-day trading on Monday. The company traded as high as $4.5010 and last traded at $4.5010. Approximately 9,712 shares were traded during trading, a decline of 82% from the average session volume of 53,421 shares. The stock had previously closed at $4.32.

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Koninklijke KPN Trading Down 3.0%

The company has a market cap of $16.29 billion, a P/E ratio of 16.11 and a beta of 0.19. The firm has a 50-day moving average of $4.67 and a 200 day moving average of $5.00. The company has a current ratio of 0.66, a quick ratio of 0.63 and a debt-to-equity ratio of 1.86.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing the consensus estimate 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 net margin of 15.09% and a return on equity of 26.07%. On average, analysts predict that Koninklijke KPN NV will post 0.27 earnings per share for the current fiscal year.

About Koninklijke KPN

Koninklijke KPN N.V. is a Dutch telecommunications company that provides connectivity and digital services to consumers, businesses and public-sector organizations. Its offerings include mobile and fixed-line communications, broadband internet, television, digital applications and related customer services.

KPN operates and manages telecommunications infrastructure in the Netherlands, including fiber-optic and mobile networks. The company also provides information and communications technology services for business customers, such as workplace connectivity, cloud solutions, cybersecurity and managed network services.