Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Down – Time to Sell?

Koninklijke KPN NV (OTCMKTS:KKPNF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $4.83, but opened at $4.65. Koninklijke KPN shares last traded at $4.65, with a volume of 1,624 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 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. According to data from MarketBeat, Koninklijke KPN currently has a consensus rating of “Buy”.

Koninklijke KPN Stock Performance

The stock’s 50 day simple moving average is $4.75 and its two-hundred day simple moving average is $5.12. The company has a market capitalization of $19.64 billion, a P/E ratio of 19.42 and a beta of 0.19. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.66 and a quick ratio of 0.63.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Koninklijke KPN had a net margin of 15.09% and a return on equity of 26.07%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.68 billion. As a group, research analysts expect that Koninklijke KPN NV will post 0.27 earnings per share for the current year.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. is a Netherlands-based telecommunications company that provides fixed-line, mobile and broadband communications services. The company serves consumer and business customers with mobile voice and data, internet access, fiber-optic connectivity, television and related digital communications products.

KPN also provides information and communications technology services to business and public-sector customers. Its offerings include workplace and cloud services, cybersecurity, data connectivity, network management and other IT solutions.