Koninklijke KPN (OTCMKTS:KKPNF) Hits New 52-Week High – Here’s What Happened

Koninklijke KPN NV (OTCMKTS:KKPNF) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $5.67 and last traded at $5.67, with a volume of 2191 shares traded. The stock had previously closed at $5.58.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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 assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Koninklijke KPN Stock Performance

The firm has a market cap of $21.12 billion, a price-to-earnings ratio of 22.63 and a beta of 0.28. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.82. The stock’s 50 day moving average is $4.87 and its 200 day moving average is $4.75.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. Koninklijke KPN had a return on equity of 24.84% and a net margin of 14.72%. Analysts anticipate 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.