Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Down – Here’s What Happened

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price gapped down before the market opened on Friday . The stock had previously closed at $5.51, but opened at $5.18. Koninklijke KPN shares last traded at $5.4590, with a volume of 1,151 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. One investment 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.com, Koninklijke KPN currently has a consensus rating of “Buy”.

Koninklijke KPN Price Performance

The company has a market capitalization of $20.44 billion, a price-to-earnings ratio of 21.90 and a beta of 0.24. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.72 and a quick ratio of 0.70. The business has a fifty day moving average price of $5.01 and a 200 day moving average price of $4.80.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. Koninklijke KPN had a net margin of 14.72% and a return on equity of 24.84%. On average, research analysts expect that Koninklijke KPN NV will post 0.26 earnings per share for the current fiscal year.

Koninklijke KPN Company Profile

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.