Koninklijke KPN (OTCMKTS:KKPNY) Hits New 52-Week High - Here's Why

Koninklijke KPN (OTCMKTS:KKPNY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $4.77 and last traded at $4.72, with a volume of 227947 shares changing hands. The stock had previously closed at $4.65.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded shares of Koninklijke KPN to a "hold" rating in a research report on Wednesday, April 9th.

Koninklijke KPN Stock Down 1.5 %

The business has a 50 day moving average of $4.15 and a 200 day moving average of $3.90. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.68 and a current ratio of 0.70.

Koninklijke KPN Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 5th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.1063 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This is a positive change from Koninklijke KPN's previous dividend of $0.06.

About Koninklijke KPN

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.