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

Koninklijke KPN NV (OTCMKTS:KKPNF) shares gapped down prior to trading on Tuesday . The stock had previously closed at $4.66, but opened at $4.44. Koninklijke KPN shares last traded at $4.44, with a volume of 37,720 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets upgraded shares of Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Koninklijke KPN Stock Performance

The business has a 50-day moving average of $4.85 and a 200-day moving average of $5.20. The stock has a market capitalization of $18.71 billion, a price-to-earnings ratio of 18.50 and a beta of 0.19.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly 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 for the quarter, compared to analyst estimates of $1.68 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.09%. On average, research 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. (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.