Koninklijke KPN (OTCMKTS:KKPNF) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Koninklijke KPN (OTCMKTS:KKPNF) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $3.25 target price on the stock.

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. “

Shares of OTCMKTS:KKPNF opened at $3.00 on Wednesday. Koninklijke KPN has a 1 year low of $2.20 and a 1 year high of $3.28. The business’s 50 day moving average price is $2.96 and its 200-day moving average price is $3.00.

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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