Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Up - Time to Buy?

Key Points

• Koninklijke KPN shares gapped up to $4.88 during trading after previously closing at $4.68, with a trading volume of 5,325 shares.
• Berenberg Bank upgraded the stock to a "strong-buy" rating, contributing to a consensus rating of "Moderate Buy" among analysts.
• In its latest earnings report, Koninklijke KPN missed EPS estimates by $0.01 but reported $3.36 billion in revenue, significantly exceeding estimates.

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $4.68, but opened at $4.88. Koninklijke KPN shares last traded at $4.88, with a volume of 5,325 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised Koninklijke KPN to a "strong-buy" rating in a research note 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Koninklijke KPN Stock Performance

The company has a 50 day moving average of $4.73 and a two-hundred day moving average of $4.63. 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 company has a market capitalization of $18.98 billion, a PE ratio of 24.40 and a beta of 0.37.

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 business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $1.41 billion. Koninklijke KPN had a net margin of 14.34% and a return on equity of 23.15%. As a group, equities research analysts predict that Koninklijke KPN NV will post 0.26 earnings per share for the current 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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