Koninklijke KPN (OTCMKTS:KKPNF) Shares Up 5.7% – Here’s What Happened

Koninklijke KPN NV (OTCMKTS:KKPNF) was up 5.7% on Monday . The stock traded as high as $5.00 and last traded at $5.00. Approximately 1,245 shares changed hands during trading, a decline of 98% from the average daily volume of 52,307 shares. The stock had previously closed at $4.73.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research 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 MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Koninklijke KPN Stock Performance

The company has a market cap of $19.44 billion, a PE ratio of 19.23 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. The business’s 50 day moving average is $4.79 and its two-hundred day moving average is $5.18.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 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 business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.68 billion. On average, equities research analysts anticipate that Koninklijke KPN NV will post 0.27 EPS for the current year.

Koninklijke KPN Company Profile

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.