Koninklijke KPN (OTCMKTS:KKPNY – Get Rating)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.82 and last traded at $2.84, with a volume of 368859 shares. The stock had previously closed at $2.90.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. Barclays cut their price target on shares of Koninklijke KPN from €3.60 ($3.67) to €3.50 ($3.57) in a report on Friday, September 16th. Societe Generale dropped their target price on shares of Koninklijke KPN from €4.00 ($4.08) to €3.90 ($3.98) and set a “buy” rating on the stock in a report on Tuesday, September 6th. JPMorgan Chase & Co. lifted their price target on Koninklijke KPN from €3.60 ($3.67) to €4.40 ($4.49) and gave the stock an “overweight” rating in a research report on Wednesday, June 29th. Credit Suisse Group lifted their price target on Koninklijke KPN from €3.40 ($3.47) to €3.55 ($3.62) in a research report on Thursday, July 28th. Finally, Morgan Stanley upgraded Koninklijke KPN from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, August 16th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Koninklijke KPN has an average rating of “Buy” and an average target price of $3.77.
Koninklijke KPN Stock Performance
The company has a fifty day moving average price of $3.19 and a 200-day moving average price of $3.42. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 1.88.
Koninklijke KPN Cuts Dividend
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 consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.
- Get a free copy of the StockNews.com research report on Koninklijke KPN (KKPNY)
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