Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Down – Should You Sell?

Koninklijke KPN NV (OTCMKTS:KKPNF) gapped down before the market opened on Wednesday . The stock had previously closed at $5.22, but opened at $4.64. Koninklijke KPN shares last traded at $4.64, with a volume of 5,124 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research note 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Koninklijke KPN Stock Performance

The company’s 50-day moving average price is $5.19 and its two-hundred day moving average price is $5.16. The stock has a market cap of $18.04 billion, a PE ratio of 17.85 and a beta of 0.17.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its earnings results on Wednesday, April 29th. The company reported $0.06 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 during the quarter, compared to analysts’ expectations of $1.71 billion. Equities research analysts forecast that Koninklijke KPN NV will post 0.28 earnings per share 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.