Koninklijke KPN (OTCMKTS:KKPNF) Shares Up 5.1% – Here’s Why

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price rose 5.1% during trading on Tuesday . The company traded as high as $4.91 and last traded at $4.91. 5,641 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 54,522 shares. The stock had previously closed at $4.67.

Analyst Upgrades and Downgrades

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 given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Koninklijke KPN Stock Down 1.7%

The firm has a market cap of $17.85 billion, a PE ratio of 17.65 and a beta of 0.19. The stock has a 50 day moving average price of $4.83 and a two-hundred day moving average price of $5.20.

Koninklijke KPN (OTCMKTS:KKPNF) last released 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 analysts’ expectations of $1.68 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.09%. As a group, equities analysts anticipate that Koninklijke KPN NV will post 0.27 earnings per share for the current 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.