Koninklijke KPN (OTCMKTS:KKPNF) Sees Large Decrease in Short Interest

Koninklijke KPN (OTCMKTS:KKPNF) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 2,194,200 shares, a drop of 30.7% from the February 13th total of 3,165,100 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 46,200 shares, the days-to-cover ratio is presently 47.5 days.

Koninklijke KPN Stock Performance

KKPNF opened at $4.13 on Friday. The firm has a market capitalization of $16.06 billion, a PE ratio of 20.65 and a beta of 0.31. Koninklijke KPN has a twelve month low of $3.48 and a twelve month high of $4.32. The firm’s 50-day moving average price is $3.75 and its 200 day moving average price is $3.86. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 1.46.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Koninklijke KPN had a net margin of 15.04% and a return on equity of 23.41%. As a group, sell-side analysts expect that Koninklijke KPN will post 0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KKPNF shares. Barclays lowered shares of Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein lowered shares of Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 23rd.

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.