Koninklijke KPN (OTCMKTS:KKPNF) Stock Price Up 6.7% – Here’s What Happened

Koninklijke KPN NV (OTCMKTS:KKPNF)’s stock price was up 6.7% during trading on Thursday . The company traded as high as $4.75 and last traded at $4.75. 21,562 shares changed hands during trading, a decline of 59% from the average daily volume of 53,124 shares. The stock had previously closed at $4.45.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a 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 data from MarketBeat, the stock currently has an average rating of “Buy”.

Koninklijke KPN Price Performance

The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.63 and a current ratio of 0.66. The company has a fifty day moving average price of $4.73 and a two-hundred day moving average price of $5.08. The company has a market cap of $16.92 billion, a P/E ratio of 16.73 and a beta of 0.19.

Koninklijke KPN (OTCMKTS:KKPNF) last issued 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 company had revenue of $1.70 billion for 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, sell-side analysts anticipate that Koninklijke KPN NV will post 0.27 earnings per share for the current fiscal year.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. is a Netherlands-based telecommunications company that provides fixed-line, mobile and broadband communications services. The company serves consumer and business customers with mobile voice and data, internet access, fiber-optic connectivity, television and related digital communications products.

KPN also provides information and communications technology services to business and public-sector customers. Its offerings include workplace and cloud services, cybersecurity, data connectivity, network management and other IT solutions.