Koninklijke KPN (OTCMKTS:KKPNF) Stock Price Up 9.5% – Here’s Why

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) traded up 9.5% on Thursday. The company traded as high as $4.85 and last traded at $4.85. Approximately 2,604 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 52,427 shares. The stock had previously closed at $4.43.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised shares of Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research note 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 stock. According to MarketBeat, the company has an average rating of “Buy”.

Koninklijke KPN Trading Up 4.5%

The stock has a market cap of $18.01 billion, a P/E ratio of 17.81 and a beta of 0.19. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.63 and a current ratio of 0.66. The stock’s fifty day moving average is $4.64 and its 200 day moving average is $4.94.

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

Koninklijke KPN Company Profile

Koninklijke KPN N.V. is a telecommunications company headquartered in the Netherlands. The company provides mobile and fixed-line communications services to consumers, businesses and public-sector organizations, primarily within the Dutch market.

KPN’s consumer offerings include mobile connectivity, broadband internet, fixed-line telephone services and television. The company also provides related digital services and operates communications networks that support voice, data and internet traffic.

Through its business activities, KPN serves small and medium-sized enterprises, large corporations and government customers with connectivity, workplace communications, cloud, cybersecurity and other information and communications technology solutions.