Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Up – What’s Next?

Koninklijke KPN NV (OTCMKTS:KKPNF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $4.78, but opened at $4.91. Koninklijke KPN shares last traded at $4.91, with a volume of 1,933 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised shares of Koninklijke KPN to a “strong-buy” rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Koninklijke KPN currently has an average rating of “Moderate Buy”.

Koninklijke KPN Stock Up 3.7%

The company has a market cap of $19.25 billion, a price-to-earnings ratio of 24.75 and a beta of 0.33. The firm’s 50-day moving average price is $4.75 and its 200-day moving average price is $4.68. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.72 and a quick ratio of 0.70.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $1.41 billion. Koninklijke KPN had a return on equity of 23.15% and a net margin of 14.34%. Sell-side analysts forecast that Koninklijke KPN NV will post 0.26 earnings per share for the current fiscal year.

Koninklijke KPN Company Profile

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 and business consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.