Koninklijke KPN (OTCMKTS:KKPNF) Trading 8.6% Higher – Still a Buy?

Koninklijke KPN NV (OTCMKTS:KKPNF)’s stock price traded up 8.6% on Thursday . The company traded as high as $5.05 and last traded at $5.05. 592 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 69,627 shares. The stock had previously closed at $4.65.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Koninklijke KPN presently has a consensus rating of “Buy”.

Koninklijke KPN Stock Performance

The company has a market cap of $18.08 billion, a P/E ratio of 17.89 and a beta of 0.18. The business has a fifty day simple moving average of $5.12 and a 200 day simple moving average of $5.16.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $1.71 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.10%. 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.