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

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) gapped up before the market opened on Thursday . The stock had previously closed at $4.77, but opened at $5.0640. Koninklijke KPN shares last traded at $5.0110, with a volume of 1,323 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Koninklijke KPN currently has a consensus rating of “Buy”.

Koninklijke KPN Stock Up 3.4%

The firm has a market cap of $18.86 billion, a price-to-earnings ratio of 20.21 and a beta of 0.28. The business has a fifty day simple moving average of $4.60 and a 200 day simple moving average of $4.66. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.72 and a quick ratio of 0.70.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Koninklijke KPN had a return on equity of 24.84% and a net margin of 14.72%. As a group, equities analysts forecast that Koninklijke KPN NV will post 0.26 EPS for the current fiscal year.

About Koninklijke KPN

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.