Royal KPN N.V.

Koninklijke KPN is an integrated information and communications technology service provider. Co. provides its consumer customers data broadband services, IPTV services, mobile (voice, data and SMS) and fixed line telephony. Co. provides its business customers broadband services, mobile, fixed line and data services. Co. operates in the following segments: Consumer Mobile, which provides mobile services and products; Consumer Residential, which provides services in and around the house; Business, which provides fixed and mobile telephony services; NetCo, which includes fixed wholesale services; Belgium, which provides mobile telephony; and iBasis, which provides wholesale network services.
  • TickerKPN
  • ISINNL0000009082
  • ExchangeEuronext Amsterdam
  • SectorFixed Line Telecommunications
  • CountryNetherlands
ING
ING Helpdesk

Benelux Morning Notes

Corbion: Where's my dough? JustEat Takeaway.com: 4Q20 trading update preview. KPN: T Mobile NL reported in the press to be up for sale. Staffing: French data - further underlying temping recovery in Nov, recovery for Dec. Staffing: Temp recovery in US continues strongly in December; NFP below expectations. Van Lanschot Kempen: CEO to step down by the end of 2021.

KPN KON sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of KPN KON (NL), a company active in the Integrated Telecommunications industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 8, 2021, the closing price was EUR 2.66 and its potential was estimated at EUR 2.90.

Russell Waller

New Street: FTTH update: Proximus, KPN, and Orange compared - Proximus target price cut

FTTH continues to dominate the news; in the last few weeks we have heard updated FTTH plans from KPN and Proximus and a commitment from Orange to further accelerate its roll.

Koninklijke Kpn N.V: 6 directors bought/maiden bought

Six Directors at Koninklijke Kpn N.V bought/maiden bought 130,000 shares at between 2.480EUR and 2.500EUR. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted...

Jérôme VINERIER

Short term view - KPN : The trend is uncertain.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at €2.547.

Jérôme VINERIER

Analyse court terme - KPN : La tendance est incertaine.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 2,547 €.

Jérôme VINERIER

Short term view - KPN : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €2.230. The bearish trend would be challenged above €2.547.

Jérôme VINERIER

Analyse court terme - KPN : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 2,230 €. La tendance baissière serait remise en cause au-dessus de 2,547 €.

Jérôme VINERIER

Medium term view - KPN : The bounce is gaining strength.

The background trend is clearly bearish. The bounce is gaining strength. It is too early to qualify this market action as a bullish reversal. The background trend would be questioned should prices rise above €2.541.

Koninklijke Kpn N.V: 6 directors bought/maiden bought

Six Directors at Koninklijke Kpn N.V bought/maiden bought 130,000 shares at between 2.480EUR and 2.500EUR. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted...

ING
ING Helpdesk

Benelux Morning Notes

Corbion: Where's my dough? JustEat Takeaway.com: 4Q20 trading update preview. KPN: T Mobile NL reported in the press to be up for sale. Staffing: French data - further underlying temping recovery in Nov, recovery for Dec. Staffing: Temp recovery in US continues strongly in December; NFP below expectations. Van Lanschot Kempen: CEO to step down by the end of 2021.

Russell Waller

New Street: FTTH update: Proximus, KPN, and Orange compared - Proximus target price cut

FTTH continues to dominate the news; in the last few weeks we have heard updated FTTH plans from KPN and Proximus and a commitment from Orange to further accelerate its roll.

Russell Waller

New Street: KPN (Buy) CMD: Further thoughts – Value case even clearer

We wrote our initial thoughts up on the KPN CMD. In this report we follow-up with some more further thoughts post the presentation and Q&A. We note that management all bought shares today, which is an encouraging sign, and one that we would endorse.

Russell Waller

New Street: KPN (Buy) CMD: Accelerated FTTH roll funded by cost-cutting

KPN has issued headline guidance and plans ahead of this afternoon’s more detailed CMD.

ING
ING Helpdesk

Benelux Morning Notes

KPN: Strategy update disappoints on FCF despite slightly better cost savings

Expert Corporate Governance Service (ECGS)

Koninklijke KPN - EGM 10 September 2020

ECGS notes that, due to the COVID-19 pandemic, shareholders are strongly advised not to attend the meeting in person, but to make use of the alternative means to participate that KPN offers, including a webcast, voting by proxy and submitting questions prior to the meeting. Under ITEM 3 it is proposed to newly appoint Mr. Alejandro Douglass Plater as Member of the supervisory board. ECGS notes that, Mr. Douglass Plater has been designated for this appointment by major shareholder América Móvil (16.1% interest as of financial year-end) pursuant to specific arrangements in relation to the shar...

Expert Corporate Governance Service (ECGS)

Koninklijke KPN – AGM 15 April 2020

In general, Koninklijke KPN ("KPN") is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting.   Under ITEM 11 it is proposed to newly appoint Ms. Catherine Guillouard as Member of the supervisory board. Based on the available information, Ms. Guillouard would qualify as independent board member in accordance with provision 2.1.8 of the Dutch Corporate Governance Code. On the other hand, ECGS has concerns over her aggregate time commitments. Ms. Guillouard is already serving as CEO of RATP group (executive position) and non-executi...

Expert Corporate Governance Service (ECGS)

Koninklijke KPN April 10th, 2019

In general, Koninklijke KPN ("KPN") is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 4, the supervisory board seeks approval to amend the Company's remuneration policy. Although ECGS has no (major) concerns over the proposed amendments, the maximum variable salary, corresponding to 405% of annual base salary, exceeds the threshold of 300% of annual base salary under ECGS' guidelines.  Accordingly, ECGS recommends to vote OPPOSE. There are no further peculiarities.

Royal KNP – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 18/04/2018

Under agenda item 10, it is proposed to amend the Articles of Association of the Company. These amendments mainly relate to a change in the registered office of KPN to Rotterdam and updating with current legislation. The change in the registered officefollows the move of KPN

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/CSPP & PEPP, Metro, KPN and Enel

Strategy: CSPP net purchases again low at just €939m last week

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/TLTRO, KPN, National Grid and Engie

Financials: The ECB could investigate easing of the TLTRO conditions

ING
Hendrik Wiersma

KPN/Solid results and limited impact from Covid-19

KPN[e] released solid 3Q20 results. The impact from Covid-19 on the operational performance is still limited and the company also saw a limited impact from requests for extended payment terms in 3Q20. The pressure on the top-line performance and from the pandemic was offset by cost savings. KPN's spreads widened significantly, with the exception of the KPN0.875 12/32, after Bloomberg reported that private equity firm EQT was at the early stages of discussing with its advisors the feasibility of a takeover of KPN. The €-bonds have change of control clauses. Our base case scenario remains it wil...

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/Deutsche Bank, Carlsberg, Carrefour, Heineken, KPN and Red Electrica

Financials: Deutsche Bank 3Q20: strong earnings, stable capital

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/KPN

TMT: EQT studying feasibility of KPN takeover

Ahmed Ben Salem

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/02/2020

Trends in Q3 seem relatively well underway, with work continuing on building sites this summer, which could boost demand, notably in Europe. We forecast a fall in activity of 3.8% on average in Q3 (versus -5.4% previously) after -14.3% in Q2. Looking beyond Q3, the US and the non-residential sector are set to remain a source of concern and the mix will be a key differentiating factor. We are more optimistic for Assa Abloy and KONE, on which we have Buy ratings along with Schneider Ele...

Ahmed Ben Salem ...
  • Bruno Cavalier

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 02/10/2020

La politique monétaire est déléguée à la Fed. La politique commerciale est dominée par la Maison Blanche. C’est donc dans le champ budgétaire que se joue le rapport de force entre Républicains et Démocrates. Leur intérêt partisan prime souvent sur les nécessités de la stabilisation économique. Pour rappel : la bataille de 2011 sur le plafond de dette avec pour résultat la perte du AAA des États-Unis. Ou celle de 2019 et le plus long government shutdown de l’histoire. Sans la panique p...

KPN KON sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of KPN KON (NL), a company active in the Integrated Telecommunications industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 8, 2021, the closing price was EUR 2.66 and its potential was estimated at EUR 2.90.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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