Koninklijke KPN (OTCMKTS:KKPNF) Upgraded by Zacks Investment Research 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 on Thursday, Zacks.com reports. The brokerage presently has a $3.50 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 11.93% 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. “

Shares of KKPNF traded up $0.10 during mid-day trading on Thursday, reaching $3.13. 6,841 shares of the company were exchanged, compared to its average volume of 35,249. Koninklijke KPN has a 52 week low of $2.88 and a 52 week high of $3.62. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.61 and a quick ratio of 0.60. The business has a 50 day simple moving average of $3.11 and a two-hundred day simple moving average of $3.20.

Koninklijke KPN Company Profile

Royal KPN NV operates as a supplier of telecommunications and information technology services. It serves customers at home and abroad with fixed and mobile networks for telephony, data and television. The company focuses on both private customers and business users, from small to large. It also offers telecom providers access to widely branched networks.

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