Koninklijke KPN NV (OTCMKTS:KKPNF) Short Interest Update

Koninklijke KPN NV (OTCMKTS:KKPNF) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 5,035,016 shares, a decrease of 66.6% from the June 30th total of 15,072,614 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 26,595 shares, the days-to-cover ratio is presently 189.3 days.

Koninklijke KPN Stock Performance

Koninklijke KPN stock opened at $4.82 on Friday. The company has a 50-day simple moving average of $5.01 and a 200-day simple moving average of $5.18. The firm has a market capitalization of $18.73 billion, a P/E ratio of 18.52 and a beta of 0.18. Koninklijke KPN has a one year low of $4.25 and a one year high of $5.81.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.09%. As a group, sell-side analysts forecast that Koninklijke KPN will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. (Royal KPN) is a Dutch telecommunications and ICT services company headquartered in The Hague. The group traces its origins to the Dutch national postal and telecommunications service and evolved into a privatized commercial operator. KPN is primarily listed on Euronext Amsterdam and its American depositary receipts trade over the counter under the symbol KKPNF.

KPN’s core activities cover a full range of telecommunications and digital infrastructure services. For consumer markets it offers fixed-line and mobile voice services, broadband internet, television and bundled connectivity packages.