Berenberg Bank Upgrades Koninklijke KPN (OTCMKTS:KKPNF) to “Strong-Buy”

Koninklijke KPN (OTCMKTS:KKPNF) was upgraded by investment analysts at Berenberg Bank to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Koninklijke KPN Stock Up 4.0%

KKPNF opened at $4.86 on Thursday. The stock has a market capitalization of $18.90 billion, a price-to-earnings ratio of 24.30 and a beta of 0.35. Koninklijke KPN has a 1-year low of $3.49 and a 1-year high of $4.95. The business has a 50 day moving average of $4.67 and a 200-day moving average of $4.14. The company has a current ratio of 0.74, a quick ratio of 0.72 and a debt-to-equity ratio of 1.52.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its earnings results on Thursday, April 24th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.41 billion. Koninklijke KPN had a return on equity of 23.34% and a net margin of 14.88%. As a group, sell-side analysts anticipate that Koninklijke KPN will post 0.26 earnings per share for the current year.

About Koninklijke KPN

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. It operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. The company offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail and business consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.