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

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) gapped up before the market opened on Monday . The stock had previously closed at $4.64, but opened at $4.96. Koninklijke KPN shares last traded at $4.96, with a volume of 460 shares changing hands.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded 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, Koninklijke KPN has a consensus rating of “Buy”.

Koninklijke KPN Price Performance

The stock has a market capitalization of $18.71 billion, a price-to-earnings ratio of 18.50 and a beta of 0.18. The business has a fifty day moving average of $5.14 and a 200 day moving average of $5.16.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its earnings results on Wednesday, April 29th. 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 15.10% and a return on equity of 26.25%. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $1.71 billion. On average, equities research analysts expect 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.