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

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) gapped up prior to trading on Tuesday. The stock had previously closed at $4.54, but opened at $4.75. Koninklijke KPN shares last traded at $4.75, with a volume of 2,876 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets raised 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Koninklijke KPN Price Performance

The business has a 50 day moving average of $4.72 and a 200 day moving average of $5.05. The company has a market cap of $17.15 billion, a PE ratio of 16.96 and a beta of 0.19. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.66 and a quick ratio of 0.63.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Koninklijke KPN had a net margin of 15.09% and a return on equity of 26.07%. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.68 billion. As a group, research analysts predict that Koninklijke KPN NV will post 0.27 EPS for the current year.

About Koninklijke KPN

Koninklijke KPN N.V. is a Dutch telecommunications company that provides connectivity and digital services to consumers, businesses and public-sector organizations. Its offerings include mobile and fixed-line communications, broadband internet, television, digital applications and related customer services.

KPN operates and manages telecommunications infrastructure in the Netherlands, including fiber-optic and mobile networks. The company also provides information and communications technology services for business customers, such as workplace connectivity, cloud solutions, cybersecurity and managed network services.