Koninklijke KPN (OTCMKTS:KKPNF) Reaches New 52-Week High - Time to Buy?

Key Points

• Koninklijke KPN shares reached a new 52-week high of $5.06 during trading, marking a notable performance increase.
• Berenberg Bank has upgraded Koninklijke KPN to a "strong-buy" rating, contributing to its average rating of "Moderate Buy" by analysts.
• The company's recent earnings report showed a missed EPS estimate of $0.06, with revenue of $3.36 billion, exceeding the consensus estimate significantly.

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $5.06 and last traded at $5.06, with a volume of 119 shares traded. The stock had previously closed at $4.91.

Analysts Set New Price Targets

Separately, Berenberg Bank raised Koninklijke KPN to a "strong-buy" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Koninklijke KPN Stock Performance

The company has a debt-to-equity ratio of 1.82, a current ratio of 0.72 and a quick ratio of 0.70. The firm has a fifty day moving average price of $4.73 and a two-hundred day moving average price of $4.58. The stock has a market capitalization of $19.29 billion, a PE ratio of 24.80 and a beta of 0.37.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. 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 23.15% and a net margin of 14.34%.The business had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $1.41 billion. Research analysts expect that Koninklijke KPN NV 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.