Koninklijke KPN (OTCMKTS:KKPNF) Trading 5.7% Higher – Here’s Why

Koninklijke KPN NV (OTCMKTS:KKPNF) shares shot up 5.7% during trading on Monday . The stock traded as high as $5.00 and last traded at $5.00. Approximately 1,245 shares were traded during trading, a decline of 98% from the average daily volume of 52,307 shares. The stock had previously closed at $4.73.

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 research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Koninklijke KPN presently has an average rating of “Buy”.

Koninklijke KPN Trading Down 1.3%

The business’s 50 day simple moving average is $4.78 and its 200 day simple moving average is $5.17. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.66 and a quick ratio of 0.63. The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 18.15 and a beta of 0.19.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Koninklijke KPN had a return on equity of 26.07% and a net margin of 15.09%.The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.68 billion. Research analysts anticipate that Koninklijke KPN NV will post 0.27 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.