KPN's consumer business continues to grow while the business segment struggles.
KPN reported mixed second-quarter results with weaker revenue but better EBITDA margins. We expect these items to offset each other and to maintain our fair value estimate in local currency terms. However, we will likely increase our fair value estimate for the ADRs in line with the recent appreciation of the euro versus the U.S. dollar. We believe the shares are fairly valued at current price.The firm reported adjusted revenue fell 3.2% year over year versus our expectation of a drop of 2%. Th...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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