Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Up – Still a Buy?

Koninklijke KPN NV (OTCMKTS:KKPNF – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $4.64, but opened at $4.96. Koninklijke KPN shares last traded at $4.96, with a volume of 460 shares.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised shares of Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Koninklijke KPN presently has a consensus rating of “Buy”.

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Koninklijke KPN Trading Down 8.1%

The company has a market capitalization of $18.04 billion, a price-to-earnings ratio of 17.85 and a beta of 0.18. The stock has a 50-day simple moving average of $5.16 and a 200-day simple moving average of $5.16.

Koninklijke KPN (OTCMKTS:KKPNF – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $1.71 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.10%. On average, research analysts forecast that Koninklijke KPN NV will post 0.27 EPS for the current year.

About Koninklijke KPN

(Get Free Report)

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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