Koninklijke KPN (OTCMKTS:KKPNF) Stock Price Down 9% – What’s Next?

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) fell 9% during mid-day trading on Tuesday . The stock traded as low as $4.75 and last traded at $4.75. Approximately 11,402 shares changed hands during trading, a decline of 83% from the average session volume of 66,028 shares. The stock had previously closed at $5.22.

Wall Street Analyst Weigh In

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

Koninklijke KPN Stock Up 0.2%

The company has a fifty day moving average price of $5.18 and a 200 day moving average price of $5.16. The stock has a market cap of $18.08 billion, a PE ratio of 17.89 and a beta of 0.17.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Koninklijke KPN had a net margin of 15.10% and a return on equity of 26.25%. As a group, research analysts predict that Koninklijke KPN NV will post 0.27 earnings per share for the current 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.