Koninklijke KPN NV (OTCMKTS:KKPNF) Sees Large Decrease in Short Interest

Koninklijke KPN NV (OTCMKTS:KKPNF) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 5,035,016 shares, a drop of 66.6% from the June 30th total of 15,072,614 shares. Based on an average daily volume of 26,595 shares, the short-interest ratio is presently 189.3 days. Currently, 0.1% of the company’s stock are sold short.

Analyst Ratings Changes

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

Koninklijke KPN Price Performance

Koninklijke KPN stock opened at $4.82 on Friday. The company has a market cap of $18.73 billion, a PE ratio of 18.52 and a beta of 0.18. The company has a fifty day moving average price of $5.01 and a two-hundred day moving average price of $5.18. Koninklijke KPN has a 12 month low of $4.25 and a 12 month high of $5.81.

Koninklijke KPN (OTCMKTS:KKPNF) last released 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). The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.68 billion. Koninklijke KPN had a net margin of 15.09% and a return on equity of 26.25%. Equities research analysts anticipate that Koninklijke KPN will post 0.27 earnings per share 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.