Koninklijke KPN NV (OTCMKTS:KKPNF – Get Free Report) shares shot up 5.1% during trading on Tuesday . The company traded as high as $4.91 and last traded at $4.91. 5,641 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 54,522 shares. The stock had previously closed at $4.67.
Wall Street Analysts Forecast Growth
Separately, Kepler Capital Markets raised Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Koninklijke KPN has an average rating of “Buy”.
View Our Latest Stock Report on Koninklijke KPN
Koninklijke KPN Stock Performance
Koninklijke KPN (OTCMKTS:KKPNF – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.68 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.09%. Sell-side analysts anticipate that Koninklijke KPN NV will post 0.27 EPS for the current fiscal 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.
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