Koninklijke KPN (OTCMKTS:KKPNF) Stock Jumps 9.5% – Here’s Why

Koninklijke KPN NV (OTCMKTS:KKPNF) shot up 9.5% during trading on Thursday. The company traded as high as $4.85 and last traded at $4.85. 2,604 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 52,427 shares. The stock had previously closed at $4.43.

Wall Street Analyst Weigh In

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

Koninklijke KPN Stock Performance

The firm’s 50 day simple moving average is $4.64 and its 200 day simple moving average is $4.94. The firm has a market cap of $18.01 billion, a PE ratio of 17.81 and a beta of 0.19. The company has a current ratio of 0.66, a quick ratio of 0.63 and a debt-to-equity ratio of 1.86.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 earnings per share 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 firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.68 billion. On average, research analysts forecast that Koninklijke KPN NV will post 0.27 EPS for the current fiscal year.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. is a telecommunications company headquartered in the Netherlands. The company provides mobile and fixed-line communications services to consumers, businesses and public-sector organizations, primarily within the Dutch market.

KPN’s consumer offerings include mobile connectivity, broadband internet, fixed-line telephone services and television. The company also provides related digital services and operates communications networks that support voice, data and internet traffic.

Through its business activities, KPN serves small and medium-sized enterprises, large corporations and government customers with connectivity, workplace communications, cloud, cybersecurity and other information and communications technology solutions.