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Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Up - Still a Buy?

Koninklijke KPN logo with Utilities background

Key Points

  • Koninklijke KPN's stock price gapped up from $4.78 to $4.91 prior to trading, with a trading volume of 1,933 shares.
  • Berenberg Bank upgraded the company’s stock to a "strong-buy" rating, contributing to an average rating of "Moderate Buy" among analysts.
  • The company reported $0.06 earnings per share, missing the consensus estimate, and achieved a revenue of $3.36 billion for the quarter.
  • Five stocks we like better than Koninklijke KPN.

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $4.78, but opened at $4.91. Koninklijke KPN shares last traded at $4.91, with a volume of 1,933 shares changing hands.

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on KKPNF

Koninklijke KPN Stock Performance

The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.70 and a current ratio of 0.72. The company has a market cap of $19.08 billion, a price-to-earnings ratio of 24.54 and a beta of 0.33. The stock's fifty day simple moving average is $4.74 and its two-hundred day simple moving average is $4.67.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last posted its 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 net margin of 14.34% and a return on equity of 23.15%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $1.41 billion. Equities research analysts anticipate that Koninklijke KPN NV will post 0.26 EPS for the current year.

Koninklijke KPN Company Profile

(Get Free Report)

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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