Koninklijke KPN (OTCMKTS:KKPNF) Trading 6.5% Higher – Here’s What Happened

Shares of Koninklijke KPN NV (OTCMKTS:KKPNFGet Free Report) traded up 6.5% during trading on Thursday . The company traded as high as $5.10 and last traded at $5.10. Approximately 881 shares were traded during trading, a decline of 99% from the average session volume of 61,617 shares. The stock had previously closed at $4.79.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised shares of 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, Koninklijke KPN presently has an average rating of “Buy”.

Get Our Latest Stock Analysis on KKPNF

Koninklijke KPN Trading Down 1.9%

The firm has a market capitalization of $18.28 billion, a PE ratio of 18.08 and a beta of 0.18. The stock’s 50 day moving average price is $5.07 and its two-hundred day moving average price is $5.17.

Koninklijke KPN (OTCMKTS:KKPNFGet Free Report) last posted its 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 analysts’ expectations of $1.71 billion. Koninklijke KPN had a net margin of 15.10% and a return on equity of 26.25%. Analysts expect that Koninklijke KPN NV will post 0.27 earnings per share for the current year.

Koninklijke KPN Company Profile

(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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