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

Koninklijke KPN NV (OTCMKTS:KKPNF) gapped down prior to trading on Friday . The stock had previously closed at $4.78, but opened at $4.5350. Koninklijke KPN shares last traded at $4.8150, with a volume of 791 shares.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets upgraded shares of Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. One equities research 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 company currently has a consensus rating of “Buy”.

Koninklijke KPN Price Performance

The company has a fifty day moving average price of $5.02 and a 200 day moving average price of $5.18. The company has a market cap of $17.50 billion, a PE ratio of 17.31 and a beta of 0.18.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Koninklijke KPN had a net margin of 15.09% and a return on equity of 26.25%. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.69 billion. As a group, sell-side analysts predict that Koninklijke KPN NV will post 0.27 EPS 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.