Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Up – Still a Buy?

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) gapped up prior to trading on Wednesday . The stock had previously closed at $4.3590, but opened at $4.6610. Koninklijke KPN shares last traded at $4.2590, with a volume of 148,135 shares trading hands.

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Koninklijke KPN Stock Down 2.0%

The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.70 and a current ratio of 0.72. The company has a market cap of $16.80 billion, a PE ratio of 19.64 and a beta of 0.28. The firm has a fifty day simple moving average of $4.56 and a 200 day simple moving average of $4.67.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Koninklijke KPN had a return on equity of 23.72% and a net margin of 14.37%.The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Equities research analysts predict that Koninklijke KPN NV will post 0.26 EPS for the current 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.