Koninklijke KPN (OTCMKTS:KKPNF) Sees Strong Trading Volume Following Analyst Upgrade

Koninklijke KPN NV (OTCMKTS:KKPNF) shares saw strong trading volume on Wednesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. 104,843 shares were traded during mid-day trading, an increase of 317% from the previous session’s volume of 25,118 shares.The stock last traded at $4.68 and had previously closed at $4.51.

Koninklijke KPN Price Performance

The stock’s 50-day moving average price is $4.61 and its 200 day moving average price is $4.70. The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $18.20 billion, a price-to-earnings ratio of 21.27 and a beta of 0.30.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Koninklijke KPN had a net margin of 14.37% and a return on equity of 23.72%. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Equities research analysts expect that Koninklijke KPN NV will post 0.26 earnings per share for the current fiscal 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.