Koninklijke KPN (OTCMKTS:KKPNF) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.75 and traded as high as $5.0020. Koninklijke KPN shares last traded at $4.6180, with a volume of 5,091 shares traded.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Koninklijke KPN Trading Up 0.2%

The business’s 50-day moving average is $4.75 and its two-hundred day moving average is $5.11. The stock has a market capitalization of $18.74 billion, a PE ratio of 18.54 and a beta of 0.19. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.63 and a current ratio of 0.66.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Koninklijke KPN had a return on equity of 26.07% and a net margin of 15.09%.The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.68 billion. As a group, equities research analysts anticipate that Koninklijke KPN NV will post 0.27 earnings per share for the current year.

About Koninklijke KPN

Koninklijke KPN N.V. is a Netherlands-based telecommunications company that provides fixed-line, mobile and broadband communications services. The company serves consumer and business customers with mobile voice and data, internet access, fiber-optic connectivity, television and related digital communications products.

KPN also provides information and communications technology services to business and public-sector customers. Its offerings include workplace and cloud services, cybersecurity, data connectivity, network management and other IT solutions.