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

Koninklijke KPN NV (OTCMKTS:KKPNF)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $4.86, but opened at $5.15. Koninklijke KPN shares last traded at $4.9550, with a volume of 22,669 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research note 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. According to MarketBeat.com, Koninklijke KPN has a consensus rating of “Buy”.

Koninklijke KPN Trading Down 2.3%

The stock has a market cap of $18.47 billion, a PE ratio of 18.27 and a beta of 0.18. The company has a fifty day moving average of $5.10 and a 200-day moving average of $5.17.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Koninklijke KPN had a net margin of 15.10% and a return on equity of 26.25%. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $1.71 billion. As a group, research analysts anticipate 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.