Koninklijke KPN (OTCMKTS:KKPNY) Given Consensus Recommendation of “Buy” by Analysts

Shares of Koninklijke KPN (OTCMKTS:KKPNYGet Rating) have been assigned an average recommendation of “Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $3.60.

Several research analysts have issued reports on KKPNY shares. JPMorgan Chase & Co. lowered their price objective on shares of Koninklijke KPN from €4.30 ($4.43) to €4.20 ($4.33) and set an “overweight” rating on the stock in a research report on Thursday, October 27th. BNP Paribas raised shares of Koninklijke KPN from a “neutral” rating to an “outperform” rating in a report on Friday, October 28th. Morgan Stanley lowered their target price on shares of Koninklijke KPN from €3.80 ($3.92) to €3.60 ($3.71) and set an “overweight” rating on the stock in a report on Thursday, October 27th. Credit Suisse Group lowered their target price on shares of Koninklijke KPN from €3.55 ($3.66) to €3.20 ($3.30) in a report on Friday, October 28th. Finally, Berenberg Bank lifted their target price on shares of Koninklijke KPN from €3.00 ($3.09) to €3.20 ($3.30) and gave the company a “buy” rating in a report on Tuesday, November 8th.

Koninklijke KPN Price Performance

OTCMKTS KKPNY opened at $2.83 on Friday. The firm’s fifty day moving average price is $2.76 and its 200 day moving average price is $3.18. Koninklijke KPN has a 12 month low of $2.56 and a 12 month high of $3.90.

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.

Further Reading

Analyst Recommendations for Koninklijke KPN (OTCMKTS:KKPNY)

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