Koninklijke KPN (OTCMKTS:KKPNF) Posts Earnings Results, Misses Expectations By $0.01 EPS

Koninklijke KPN (OTCMKTS:KKPNF) announced its quarterly earnings results on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01), Zacks reports. Koninklijke KPN had a net margin of 15.10% and a return on equity of 26.25%. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $1.65 billion.

Koninklijke KPN Trading Down 1.2%

Shares of KKPNF stock opened at $4.86 on Wednesday. Koninklijke KPN has a 12 month low of $4.25 and a 12 month high of $5.81. The stock has a market cap of $18.90 billion, a P/E ratio of 18.69 and a beta of 0.18. The company has a 50 day simple moving average of $5.04 and a two-hundred day simple moving average of $5.18.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded shares of Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. One equities research 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, the company currently has a consensus rating of “Buy”.

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.