Koninklijke KPN (OTCMKTS:KKPNF) Hits New 52-Week High - Here's Why

Key Points

• New 52-week high: Koninklijke KPN's ADR reached a 52-week high of $5.7190 mid-day (prior close $5.57) on modest volume of 5,952 shares.
• Mixed fundamentals and analyst moves: Q4 EPS missed estimates at $0.07 versus $0.08 while revenue beat at $1.73B; Zacks upgraded the stock to "hold" and MarketBeat shows an average rating of "Buy" (one Strong Buy, one Hold).
• Valuation and momentum: KPN has a market cap of $21.32B and a PE of 22.84, with 50- and 200-day moving averages at $5.43 and $4.91, indicating recent upward momentum.

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $5.7190 and last traded at $5.7190, with a volume of 5952 shares trading hands. The stock had previously closed at $5.57.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Koninklijke KPN from a "strong sell" rating to a "hold" rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Koninklijke KPN presently has an average rating of "Buy".

Koninklijke KPN Trading Down 1.6%

The firm has a market capitalization of $21.32 billion, a PE ratio of 22.84 and a beta of 0.24. The company has a fifty day moving average price of $5.43 and a two-hundred day moving average price of $4.91.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last released its quarterly earnings results 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). Koninklijke KPN had a return on equity of 24.84% and a net margin of 14.72%.The firm had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.70 billion. As a group, equities research analysts predict that Koninklijke KPN NV will post 0.26 earnings per share 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.

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