Koninklijke KPN (OTCMKTS:KKPNF) Reaches New 12-Month High - Here's Why

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) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $5.06 and last traded at $5.06, with a volume of 119 shares trading hands. The stock had previously closed at $4.91.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised shares of Koninklijke KPN to a "strong-buy" rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

Koninklijke KPN Price Performance

The firm has a market capitalization of $19.68 billion, a P/E ratio of 25.30 and a beta of 0.37. 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 stock's fifty day simple moving average is $4.72 and its 200 day simple moving average is $4.54.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $1.41 billion. Koninklijke KPN had a return on equity of 23.15% and a net margin of 14.34%. On average, equities research analysts predict that Koninklijke KPN NV will post 0.26 EPS for the current year.

About Koninklijke KPN

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.

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