Koninklijke KPN (OTCMKTS:KKPNF) Shares Down 6.3% – Should You Sell?

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price traded down 6.3% during mid-day trading on Friday . The company traded as low as $4.5180 and last traded at $4.5180. 1,243 shares traded hands during trading, a decline of 98% from the average session volume of 53,996 shares. The stock had previously closed at $4.82.

Wall Street Analysts Forecast Growth

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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Koninklijke KPN Trading Down 6.3%

The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.63 and a current ratio of 0.66. The stock has a market cap of $17.57 billion, a price-to-earnings ratio of 17.38 and a beta of 0.19. The business has a fifty day simple moving average of $4.75 and a 200 day simple moving average of $5.10.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.68 billion. Koninklijke KPN had a net margin of 15.09% and a return on equity of 26.07%. As a group, equities analysts anticipate 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.