Berenberg Bank Upgrades Koninklijke KPN (OTCMKTS:KKPNF) to Strong-Buy

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) was upgraded by stock analysts at Berenberg Bank to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.

Koninklijke KPN Price Performance

KKPNF stock traded up $0.01 during mid-day trading on Thursday, hitting $4.85. The stock had a trading volume of 5,106 shares, compared to its average volume of 12,822. The company has a current ratio of 0.74, a quick ratio of 0.72 and a debt-to-equity ratio of 1.52. Koninklijke KPN has a 52 week low of $3.49 and a 52 week high of $4.95. The firm has a market capitalization of $18.86 billion, a P/E ratio of 24.25 and a beta of 0.35. The firm has a fifty day simple moving average of $4.67 and a 200 day simple moving average of $4.17.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.41 billion. Koninklijke KPN had a net margin of 14.88% and a return on equity of 23.34%. As a group, research analysts forecast that Koninklijke KPN will post 0.26 EPS for the current year.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. It operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. The company offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail and business consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.