Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Up - Here's Why

Key Points

• Koninklijke KPN shares experienced a gap up, opening at $4.98 from a previous close of $4.76, with a last traded price of $4.82.
• Berenberg Bank upgraded Koninklijke KPN to a "strong-buy" rating, contributing to an overall average rating of "Moderate Buy" from analysts.
• The company reported Q2 earnings of $0.06 per share, which was below analysts' expectations, despite substantial revenue of $3.36 billion.

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $4.76, but opened at $4.98. Koninklijke KPN shares last traded at $4.82, with a volume of 2,938 shares.

Analyst Ratings Changes

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

Koninklijke KPN Trading Down 0.1%

The company's fifty day moving average is $4.73 and its two-hundred day moving average is $4.56. The stock has a market cap of $19.03 billion, a price-to-earnings ratio of 24.47 and a beta of 0.37. The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 1.82.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Koninklijke KPN had a return on equity of 23.15% and a net margin of 14.34%.The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $1.41 billion. On average, research analysts predict 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.