Koninklijke KPN (OTCMKTS:KKPNF) Sees Strong Trading Volume – Time to Buy?

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) saw unusually-high trading volume on Thursday . Approximately 352,040 shares were traded during mid-day trading, an increase of 795% from the previous session’s volume of 39,356 shares.The stock last traded at $5.4150 and had previously closed at $5.3750.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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 issued a Hold rating to the company’s stock. According to MarketBeat, Koninklijke KPN presently has a consensus rating of “Buy”.

Koninklijke KPN Trading Up 0.7%

The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.70 and a current ratio of 0.72. The stock has a market capitalization of $21.06 billion, a PE ratio of 22.56 and a beta of 0.28. The stock has a 50-day moving average price of $4.80 and a two-hundred day moving average price of $4.72.

Koninklijke KPN (OTCMKTS:KKPNF) last issued 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). The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate 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 analysts forecast that Koninklijke KPN NV will post 0.26 earnings per share for the current 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.