Koninklijke KPN (OTCMKTS:KKPNF) Trading Down 4.5% – Time to Sell?

Koninklijke KPN NV (OTCMKTS:KKPNF) shares traded down 4.5% during mid-day trading on Friday . The stock traded as low as $4.50 and last traded at $4.50. Approximately 4,059 shares changed hands during trading, a decline of 92% from the average daily volume of 53,817 shares. The stock had previously closed at $4.71.

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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Koninklijke KPN Price Performance

The business has a 50-day moving average of $4.82 and a 200-day moving average of $5.20. The company has a market capitalization of $17.50 billion, a P/E ratio of 17.31 and a beta of 0.19.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Koninklijke KPN had a net margin of 15.09% and a return on equity of 26.25%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.68 billion. Sell-side analysts predict that Koninklijke KPN NV will post 0.27 EPS for the current fiscal year.

About Koninklijke KPN

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.