Koninklijke KPN (OTCMKTS:KKPNF) Sets New 1-Year High – Time to Buy?

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $5.1130 and last traded at $5.1130, with a volume of 7962 shares traded. The stock had previously closed at $4.69.

Analysts Set New Price Targets

Separately, Zacks Research raised Koninklijke KPN from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Koninklijke KPN Stock Up 8.8%

The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 21.27 and a beta of 0.28. The firm has a 50 day moving average price of $4.59 and a 200-day moving average price of $4.66. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.82.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its earnings results on Wednesday, January 28th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Koninklijke KPN had a return on equity of 24.84% and a net margin of 14.72%.The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. On average, equities analysts forecast that Koninklijke KPN NV will post 0.26 EPS 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.