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

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) gapped down before the market opened on Tuesday . The stock had previously closed at $4.66, but opened at $4.44. Koninklijke KPN shares last traded at $4.44, with a volume of 37,720 shares trading hands.

Analyst Ratings Changes

Separately, Kepler Capital Markets raised 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, Koninklijke KPN currently has an average rating of “Buy”.

Koninklijke KPN Price Performance

The firm has a market cap of $18.51 billion, a PE ratio of 18.31 and a beta of 0.19. The stock’s fifty day moving average price is $4.87 and its 200-day moving average price is $5.20.

Koninklijke KPN (OTCMKTS:KKPNF) last posted 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). The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. Koninklijke KPN had a net margin of 15.09% and a return on equity of 26.25%. On average, sell-side analysts anticipate that Koninklijke KPN NV will post 0.27 earnings per share for the current fiscal 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.