Koninklijke KPN (OTCMKTS:KKPNF) Stock Price Down 4.6% – Here’s Why

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) fell 4.6% on Wednesday . The company traded as low as $4.7790 and last traded at $4.7790. 1,259 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 46,316 shares. The stock had previously closed at $5.01.

Koninklijke KPN Stock Performance

The stock has a market capitalization of $18.98 billion, a PE ratio of 18.77 and a beta of 0.17. The firm’s 50 day moving average is $5.30 and its two-hundred day moving average is $5.14.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Koninklijke KPN had a net margin of 15.10% and a return on equity of 26.25%. On average, analysts anticipate that Koninklijke KPN NV will post 0.28 EPS for the current year.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. (Royal KPN) is a Dutch telecommunications and ICT services company headquartered in The Hague. The group traces its origins to the Dutch national postal and telecommunications service and evolved into a privatized commercial operator. KPN is primarily listed on Euronext Amsterdam and its American depositary receipts trade over the counter under the symbol KKPNF.

KPN’s core activities cover a full range of telecommunications and digital infrastructure services. For consumer markets it offers fixed-line and mobile voice services, broadband internet, television and bundled connectivity packages.