Koninklijke KPN (OTCMKTS:KKPNF) Hits New 12-Month High – Here’s What Happened

Koninklijke KPN NV (OTCMKTS:KKPNF)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $5.4240 and last traded at $5.39, with a volume of 11926 shares. The stock had previously closed at $5.40.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. 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 has an average rating of “Buy”.

Koninklijke KPN Price Performance

The stock has a market cap of $21.66 billion, a P/E ratio of 23.21 and a beta of 0.28. The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 1.82. The business’s 50-day simple moving average is $4.73 and its two-hundred day simple moving average is $4.70.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Koninklijke KPN had a net margin of 14.72% and a return on equity of 24.84%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Sell-side analysts expect that Koninklijke KPN NV will post 0.26 EPS for the current 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.