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

Koninklijke KPN NV (OTCMKTS:KKPNF) rose 6.5% during mid-day trading on Thursday . The company traded as high as $5.10 and last traded at $5.10. Approximately 881 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 61,617 shares. The stock had previously closed at $4.79.

Analyst Ratings Changes

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

Koninklijke KPN Trading Down 1.9%

The stock has a fifty day simple moving average of $5.07 and a two-hundred day simple moving average of $5.17. The company has a market cap of $18.28 billion, a PE ratio of 18.08 and a beta of 0.18.

Koninklijke KPN (OTCMKTS:KKPNF) last issued 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). Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.10%.The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $1.71 billion. As a group, equities research analysts anticipate that Koninklijke KPN NV will post 0.27 EPS for the current fiscal 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.