Koninklijke KPN (OTCMKTS:KKPNF) Shares Down 4.1% – Here’s Why

Koninklijke KPN NV (OTCMKTS:KKPNF)’s stock price was down 4.1% during trading on Wednesday . The company traded as low as $5.2630 and last traded at $5.2640. Approximately 3,002 shares traded hands during trading, a decline of 96% from the average daily volume of 78,523 shares. The stock had previously closed at $5.49.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Koninklijke KPN Stock Down 1.3%

The stock has a market capitalization of $21.08 billion, a price-to-earnings ratio of 22.58 and a beta of 0.24. The firm has a 50 day simple moving average of $5.24 and a 200-day simple moving average of $4.86. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.72 and a quick ratio of 0.70.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. Koninklijke KPN had a net margin of 14.72% and a return on equity of 24.84%. On average, sell-side analysts forecast that Koninklijke KPN NV will post 0.26 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.