Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Up - Should You Buy?

Key Points

• Koninklijke KPN's shares gapped up from $4.70 to $4.88 at the market open, with the last traded price at $4.72 and a volume of 1,076 shares.
• Berenberg Bank upgraded Koninklijke KPN to a "strong-buy" rating, contributing to a consensus rating of "Moderate Buy" from analysts.
• The company reported earnings of $0.06 per share for the last quarter, missing expectations, but generated $3.36 billion in revenue compared to analyst predictions of $1.41 billion.

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $4.70, but opened at $4.88. Koninklijke KPN shares last traded at $4.72, with a volume of 1,076 shares traded.

Wall Street Analyst Weigh In

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

Koninklijke KPN Stock Performance

The stock has a market capitalization of $18.36 billion, a PE ratio of 23.60 and a beta of 0.37. The stock has a fifty day moving average of $4.73 and a 200-day moving average of $4.61. 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 earnings results on Wednesday, July 23rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The company had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $1.41 billion. Koninklijke KPN had a net margin of 14.34% and a return on equity of 23.15%. Equities analysts anticipate that Koninklijke KPN NV will post 0.26 earnings per share 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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