Royal KPN (OTC:KKPNY) Receives a Higher Rating From Nomura. What’s The Reasoning Behind This Move?

Share

Royal KPN (OTC:KKPNY) Stock Upgrade

Nomura raised the shares of Royal KPN (OTC:KKPNY) from a Neutral rating to Buy rating in analysts report shared with investors on 1 December.

Approximately 5,624 shares of stock traded hands. Koninklijke KPN N.V. (ADR) (OTC:KKPNY) has risen 5.75% since April 28, 2015 and is uptrending. It has outperformed by 7.38% the S&P500.

 Royal KPN (OTC:KKPNY) Receives a Higher Rating From Nomura. What’s The Reasoning Behind This Move?

Koninklijke KPN NV is an integrated information and communications technology (ICT) service provider. The company has a market cap of $16.35 billion. The Firm operates in divisions: Consumer Mobile, Consumer Residential, Business, NetCo, Belgium,and iBasis. It currently has negative earnings. The Firm offers clients data broadband services, IPTV services, mobile (voice, data and SMS) and fixed line telephony.

According to Zacks Investment Research, “Royal PTT Nederland NV (KPN) is an international service provider in the fields of post, telecommunications, cable and multimedia. Activities in these fields are carried out by the group’s two major group companies, PTT Post BV and PTT Telecom BV. KPN also has a number of smaller group companies and several support units which work for the entire group. KPN offers business and private customers a complete range of high-quality products and services concentrating on the national and international transport of information, goods and valuable items.” Get a free copy of the Zacks research report on Koninklijke KPN N.V. (ADR) (KKPNY)

COMMENTS: