Koninklijke KPN (OTCMKTS:KKPNF) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) saw an uptick in trading volume on Thursday . 2,843,440 shares changed hands during mid-day trading, an increase of 7,806% from the previous session’s volume of 35,965 shares.The stock last traded at $5.5168 and had previously closed at $5.63.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Koninklijke KPN Stock Up 2.7%

The stock has a market capitalization of $22.01 billion, a P/E ratio of 23.58 and a beta of 0.28. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.82. The firm’s fifty day moving average is $4.93 and its 200-day moving average is $4.77.

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

About Koninklijke KPN

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.