Koninklijke KPN (OTCMKTS:KKPNF) Stock Falls 8.3% – What’s Next?

Koninklijke KPN NV (OTCMKTS:KKPNF)’s stock price traded down 8.3% on Wednesday. The stock traded as low as $4.20 and last traded at $4.20. Approximately 991 shares were traded during trading, a decline of 98% from the average session volume of 55,533 shares. The stock had previously closed at $4.5820.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets upgraded 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’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Koninklijke KPN Stock Performance

The company has a fifty day simple moving average of $4.68 and a 200-day simple moving average of $5.01. The company has a current ratio of 0.66, a quick ratio of 0.63 and a debt-to-equity ratio of 1.86. The stock has a market cap of $17.15 billion, a price-to-earnings ratio of 16.96 and a beta of 0.19.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its 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). The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. Koninklijke KPN had a return on equity of 26.07% and a net margin of 15.09%. On average, research analysts forecast that Koninklijke KPN NV will post 0.27 earnings per share for the current fiscal year.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. is a Dutch telecommunications company that provides connectivity and digital services to consumers, businesses and public-sector organizations. Its offerings include mobile and fixed-line communications, broadband internet, television, digital applications and related customer services.

KPN operates and manages telecommunications infrastructure in the Netherlands, including fiber-optic and mobile networks. The company also provides information and communications technology services for business customers, such as workplace connectivity, cloud solutions, cybersecurity and managed network services.