Koninklijke KPN (OTCMKTS:KKPNF) Shares Down 16.7% – Here’s Why

Koninklijke KPN NV (OTCMKTS:KKPNF) was down 16.7% during trading on Monday. The stock traded as low as $4.60 and last traded at $4.60. Approximately 4,756 shares changed hands during trading, a decline of 91% from the average session volume of 53,046 shares. The stock had previously closed at $5.52.

Analyst Ratings Changes

Separately, Kepler Capital Markets raised shares of Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Koninklijke KPN presently has a consensus rating of “Buy”.

Koninklijke KPN Price Performance

The firm has a market capitalization of $18.67 billion, a price-to-earnings ratio of 18.46 and a beta of 0.19. The business has a 50-day moving average price of $4.74 and a two-hundred day moving average price of $5.07. The company has a current ratio of 0.66, a quick ratio of 0.63 and a debt-to-equity ratio of 1.86.

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