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

Koninklijke KPN NV (OTCMKTS:KKPNF) gapped down before the market opened on Friday. The stock had previously closed at $4.75, but opened at $4.4750. Koninklijke KPN shares last traded at $4.3850, with a volume of 6,276 shares.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Koninklijke KPN Trading Down 1.8%

The business has a 50 day moving average of $4.65 and a two-hundred day moving average of $4.97. 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 firm has a market capitalization of $18.14 billion, a price-to-earnings ratio of 17.94 and a beta of 0.19.

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

Koninklijke KPN Company Profile

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.