Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Up – Should You Buy?

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $4.76, but opened at $4.98. Koninklijke KPN shares last traded at $4.82, with a volume of 2,938 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upgraded shares of Koninklijke KPN to a “strong-buy” rating in a report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Koninklijke KPN Stock Performance

The company has a market capitalization of $18.74 billion, a PE ratio of 24.10 and a beta of 0.37. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.82. The firm’s 50-day simple moving average is $4.72 and its 200-day simple moving average is $4.54.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Koninklijke KPN had a return on equity of 23.15% and a net margin of 14.34%.The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $1.41 billion. On average, research analysts predict that Koninklijke KPN NV will post 0.26 earnings per share for the current year.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. It operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. The company offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail and business consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.