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

Koninklijke KPN NV (OTCMKTS:KKPNF) shares gapped down before the market opened on Wednesday . The stock had previously closed at $4.61, but opened at $4.4210. Koninklijke KPN shares last traded at $4.5890, with a volume of 2,071 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Koninklijke KPN Price Performance

The company’s 50 day simple moving average is $4.58 and its 200 day simple moving average is $4.69. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.72 and a quick ratio of 0.70. The stock has a market cap of $17.69 billion, a P/E ratio of 20.68 and a beta of 0.28.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly earnings results 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 firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $1.46 billion. As a group, equities analysts forecast that Koninklijke KPN NV will post 0.26 earnings per share 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.