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

Koninklijke KPN (OTCMKTS:KKPNF)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.69 and traded as high as $3.76. Koninklijke KPN shares last traded at $3.66, with a volume of 9,044 shares.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein downgraded shares of Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Barclays cut Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

Koninklijke KPN Stock Up 1.0 %

The company has a market capitalization of $14.37 billion, a PE ratio of 18.48 and a beta of 0.38. The company’s fifty day moving average is $3.69 and its 200-day moving average is $3.88. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.68 and a current ratio of 0.70.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Koninklijke KPN had a return on equity of 23.41% and a net margin of 15.04%. As a group, analysts predict that Koninklijke KPN will post 0.25 EPS for the current fiscal year.

About Koninklijke KPN

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. It operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. The company offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail and business consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.