Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Down – Here’s What Happened

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) gapped down prior to trading on Wednesday . The stock had previously closed at $4.69, but opened at $4.54. Koninklijke KPN shares last traded at $4.6950, with a volume of 6,973 shares trading hands.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One research 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, the company has an average rating of “Buy”.

Koninklijke KPN Trading Up 3.6%

The business’s 50 day simple moving average is $4.83 and its two-hundred day simple moving average is $5.20. The firm has a market capitalization of $18.90 billion, a PE ratio of 18.69 and a beta of 0.19.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $1.70 billion during 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 research analysts anticipate that Koninklijke KPN NV will post 0.27 earnings per share for the current year.

Koninklijke KPN Company Profile

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.