TODAY TRADE: THE KON KPN NV EUR0.24 (KKPNF) UPGRADE BY THE ZACKS INVESTMENT RESEARCH
December 17, 2016 Donald Swayze
The KON KPN NV EUR0.24 (KKPNF) Upgrade by The Zacks Investment Research
KON KPN NV EUR0.24 (NASDAQ:KKPNF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm currently has a $3.50 price objective on the stock. Zacks Investment Research’s price target points to a potential downside of 12.50% 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. “
KON KPN NV EUR0.24 (NASDAQ:KKPNF) remained flat at $3.05 on Wednesday. The firm has a market capitalization of $12.28 billion and a price-to-earnings ratio of 11.87. KON KPN NV EUR0.24 has a 52 week low of $3.00 and a 52 week high of $4.07. The firm has a 50 day moving average price of $3.19 and a 200 day moving average price of $3.56.