Zacks Investment Research Downgrades Koninklijke KPN (OTCMKTS:KKPNF) to Hold

Koninklijke KPN (OTCMKTS:KKPNF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday, Zacks.com reports.

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. “

Separately, ValuEngine lowered shares of Koninklijke KPN from a “hold” rating to a “sell” rating in a report on Monday, August 3rd.

Shares of KKPNF opened at $2.52 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 2.60. Koninklijke KPN has a 12-month low of $1.97 and a 12-month high of $3.90. The firm has a 50-day moving average price of $2.62 and a 200 day moving average price of $2.47. The firm has a market capitalization of $10.89 billion, a P/E ratio of 14.82 and a beta of -0.28.

About Koninklijke KPN

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. It offers fixed and mobile telephony, broadband Internet, and television services to retail consumers; network related IT solutions to business customers; and wholesale network services to third parties.

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