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

Koninklijke KPN (OTCMKTS:KKPNF) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 2,194,200 shares, a decline of 30.7% from the February 13th total of 3,165,100 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 46,200 shares, the short-interest ratio is currently 47.5 days.

Wall Street Analysts Forecast Growth

KKPNF has been the topic of a number of research analyst reports. Barclays downgraded shares of Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein downgraded shares of Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 23rd.

Koninklijke KPN Price Performance

Koninklijke KPN stock opened at $4.13 on Friday. The company’s 50 day simple moving average is $3.75 and its 200-day simple moving average is $3.86. The company has a market capitalization of $16.06 billion, a price-to-earnings ratio of 20.65 and a beta of 0.31. Koninklijke KPN has a 1 year low of $3.48 and a 1 year high of $4.32. 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 (OTCMKTS:KKPNF) last announced its earnings results on Thursday, January 30th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Koninklijke KPN had a net margin of 15.04% and a return on equity of 23.41%. As a group, equities research analysts expect that Koninklijke KPN will post 0.26 earnings per share for the current year.

Koninklijke KPN Company Profile

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.