Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Up – What’s Next?

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $4.32, but opened at $4.5010. Koninklijke KPN shares last traded at $4.25, with a volume of 12,105 shares traded.

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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Koninklijke KPN Price Performance

The company has a 50 day moving average of $4.65 and a 200 day moving average of $4.98. The company has a quick ratio of 0.63, a current ratio of 0.66 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 16.07 and a beta of 0.19.

Koninklijke KPN (OTCMKTS:KKPNF) last released its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. Koninklijke KPN had a return on equity of 26.07% and a net margin of 15.09%. As a group, equities research analysts forecast that Koninklijke KPN NV will post 0.27 EPS for the current fiscal year.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. is a Dutch telecommunications company that provides connectivity and digital services to consumers, businesses and public-sector organizations. Its offerings include mobile and fixed-line communications, broadband internet, television, digital applications and related customer services.

KPN operates and manages telecommunications infrastructure in the Netherlands, including fiber-optic and mobile networks. The company also provides information and communications technology services for business customers, such as workplace connectivity, cloud solutions, cybersecurity and managed network services.