Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Down – Time to Sell?

Koninklijke KPN NV (OTCMKTS:KKPNF) gapped down before the market opened on Friday . The stock had previously closed at $4.78, but opened at $4.5350. Koninklijke KPN shares last traded at $4.8150, with a volume of 791 shares.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded shares of Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Koninklijke KPN Trading Up 0.7%

The stock has a 50-day simple moving average of $5.01 and a 200 day simple moving average of $5.18. The stock has a market capitalization of $18.73 billion, a price-to-earnings ratio of 18.52 and a beta of 0.18.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. Koninklijke KPN had a net margin of 15.09% and a return on equity of 26.25%. Sell-side analysts expect that Koninklijke KPN NV will post 0.27 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.