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Rating: KKPNY

Royal Kpn N.V. (OTCBB: KKPNY) upgraded to Buy by HSBC Securities

Thursday,  Nov 12, 2015  10:25 AM ET by Lynn Gilbert

HSBC Securities upgraded Royal Kpn N.V. (OTCBB: KKPNY) to Buy. Previously,
HSBC Securities rated Royal Kpn N.V. (OTCBB: KKPNY) to Underweight on 12/17/2012, when the stock price was valued at $5.13.

Koninklijke KPN NV (KPN) is a Netherlands-based telecommunications and information and communication technology (ICT) service provider. It offers fixed and mobile telephony, Internet and television solutions to consumers, as well as end-to-end telecommunication and ICT services to business customers. KPN?s organization in the Netherlands consists of five segments: Consumer, Business, Getronics, Wholesale & Operations and Other activities. Outside the Netherlands, KPN operates through Mobile International, which comprises three segments: Germany, Belgium and Rest of World. Other activities include the Corporate Center and the SNT call centers in Germany. As of December 31, 2009, the Company had a number of subsidiaries located in various countries, including the Netherlands, the United States, Germany, Belgium, Spain, France, the United Kingdom, Switzerland, Brazil, Columbia and India, among others.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.

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