Koninklijke KPN (OTCMKTS:KKPNF) Shares Up 8.6% – Here’s What Happened

Koninklijke KPN NV (OTCMKTS:KKPNF) shares rose 8.6% during trading on Thursday . The company traded as high as $5.05 and last traded at $5.05. Approximately 592 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 69,627 shares. The stock had previously closed at $4.65.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised shares of Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Koninklijke KPN Price Performance

The stock has a 50 day simple moving average of $5.10 and a two-hundred day simple moving average of $5.16. The company has a market cap of $18.90 billion, a price-to-earnings ratio of 18.69 and a beta of 0.18.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $1.71 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.10%. As a group, research analysts forecast that Koninklijke KPN NV will post 0.27 EPS for the current 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.