Koninklijke KPN (OTCMKTS:KKPNF) Trading Up 6.5% – What’s Next?

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) traded up 6.5% during trading on Thursday . The stock traded as high as $5.10 and last traded at $5.10. 881 shares changed hands during trading, a decline of 99% from the average daily volume of 61,617 shares. The stock had previously closed at $4.79.

Analysts Set New Price Targets

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 research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Koninklijke KPN has a consensus rating of “Buy”.

Koninklijke KPN Price Performance

The company has a market capitalization of $19.29 billion, a PE ratio of 19.08 and a beta of 0.18. The business has a 50-day moving average of $5.05 and a 200 day moving average of $5.17.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Koninklijke KPN had a net margin of 15.10% and a return on equity of 26.25%. As a group, 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.