Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Down - Here's What Happened

Key Points

• Koninklijke KPN shares gapped down, opening at $4.66 compared to a previous close of $4.77, with only 159 shares traded at the new opening price.
• Berenberg Bank upgraded Koninklijke KPN to a "strong-buy" rating, contributing to a current average rating of "Moderate Buy" among analysts.
• The company reported a net margin of 14.34% and revenue of $3.36 billion for the last quarter, missing earnings estimates slightly with an EPS of $0.06.

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $4.77, but opened at $4.66. Koninklijke KPN shares last traded at $4.66, with a volume of 159 shares traded.

Analysts Set New Price Targets

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

Koninklijke KPN Stock Performance

The company has a market cap of $18.39 billion, a P/E ratio of 23.65 and a beta of 0.33. The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 1.82. The stock's 50-day moving average price is $4.73 and its 200 day moving average price is $4.64.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last released its quarterly 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). Koninklijke KPN had a net margin of 14.34% and a return on equity of 23.15%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $1.41 billion. As a group, research analysts expect that Koninklijke KPN NV will post 0.26 EPS for the current fiscal 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.

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