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

Koninklijke KPN NV (OTCMKTS:KKPNF) gapped down prior to trading on Thursday . The stock had previously closed at $4.6530, but opened at $4.4220. Koninklijke KPN shares last traded at $4.60, with a volume of 3,713 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Koninklijke KPN from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Koninklijke KPN Stock Performance

The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.70 and a current ratio of 0.72. The firm has a market capitalization of $18.02 billion, a PE ratio of 21.06 and a beta of 0.28. The firm’s 50 day moving average price is $4.56 and its 200-day moving average price is $4.66.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Koninklijke KPN had a return on equity of 23.72% and a net margin of 14.37%.The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $1.46 billion. On average, research analysts expect that Koninklijke KPN NV will post 0.26 EPS for the current 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.