Zacks Investment Research Upgrades Koninklijke KPN (OTCMKTS:KKPNF) to “Buy”

Koninklijke KPN (OTCMKTS:KKPNF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, reports. The firm presently has a $3.75 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 14.33% from the stock’s current price.

According to Zacks, “Koninklijke KPN NV, formerly Royal PTT Nederland NV is an international service provider in the fields of post, telecommunications, cable and multimedia. The operational activities are carried out by operating companies and profit centres. For example, PTT Post collects, sorts and distributes large flows of postal items and PTT Telecom provides private individuals, companies, institutions and organizations with a wide range of telecommunications services. KPN Kabel operates, develops and manages cable networks and services. “

Koninklijke KPN stock traded down $0.02 during mid-day trading on Thursday, hitting $3.28. 13,423 shares of the company traded hands, compared to its average volume of 39,750. Koninklijke KPN has a one year low of $2.31 and a one year high of $3.62. The stock has a market cap of $13.78 billion, a price-to-earnings ratio of 21.87 and a beta of -0.18. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.71 and a current ratio of 0.73. The stock has a fifty day moving average price of $3.24 and a 200-day moving average price of $3.31.

About Koninklijke KPN

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. The company operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. It offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.

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