Koninklijke KPN (OTCMKTS:KKPNY) Receives Average Recommendation of “Buy” from Brokerages

Shares of Koninklijke KPN (OTCMKTS:KKPNY – Get Rating) have earned a consensus recommendation of “Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.60.

KKPNY has been the topic of a number of research analyst reports. Barclays increased their target price on Koninklijke KPN from €3.50 ($3.65) to €3.60 ($3.75) in a research note on Tuesday, May 3rd. The Goldman Sachs Group raised Koninklijke KPN from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, January 18th. Finally, UBS Group cut Koninklijke KPN from a “buy” rating to a “neutral” rating in a research note on Friday, January 21st.

KKPNY opened at $3.42 on Tuesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.84 and a quick ratio of 0.82. Koninklijke KPN has a 52 week low of $2.84 and a 52 week high of $3.90. The business’s fifty day simple moving average is $3.51 and its 200 day simple moving average is $3.27.

The business also recently disclosed a dividend, which was paid on Friday, April 29th. Stockholders of record on Wednesday, April 20th were paid a dividend of $0.0828 per share. The ex-dividend date of this dividend was Tuesday, April 19th. This represents a dividend yield of 3.28%.

Koninklijke KPN Company Profile (Get Rating)

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. It operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. The company offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.

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