Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Down – Here’s Why

Koninklijke KPN NV (OTCMKTS:KKPNF) shares gapped down before the market opened on Friday . The stock had previously closed at $5.51, but opened at $5.18. Koninklijke KPN shares last traded at $5.4590, with a volume of 1,151 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Koninklijke KPN Stock Performance

The stock’s 50 day moving average price is $5.00 and its 200 day moving average price is $4.79. 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 company has a market cap of $21.31 billion, a price-to-earnings ratio of 22.83 and a beta of 0.24.

Koninklijke KPN (OTCMKTS:KKPNF) last released its earnings results on Wednesday, January 28th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Koninklijke KPN had a return on equity of 24.84% and a net margin of 14.72%.The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. On average, analysts expect that Koninklijke KPN NV will post 0.26 EPS 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.