Koninklijke KPN (OTCMKTS:KKPNF) Trading Down 6.4% – Here’s Why

Koninklijke KPN NV (OTCMKTS:KKPNFGet Free Report) shares dropped 6.4% on Monday . The stock traded as low as $4.5050 and last traded at $4.5050. Approximately 3,705 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 59,067 shares. The stock had previously closed at $4.8150.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets upgraded 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 issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Check Out Our Latest Report on Koninklijke KPN

Koninklijke KPN Price Performance

The firm has a 50 day moving average of $5.01 and a 200-day moving average of $5.18. The stock has a market capitalization of $17.52 billion, a P/E ratio of 17.33 and a beta of 0.18.

Koninklijke KPN (OTCMKTS:KKPNFGet Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.68 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.09%. As a group, equities analysts expect that Koninklijke KPN NV will post 0.27 earnings per share for the current year.

Koninklijke KPN Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Koninklijke KPN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke KPN and related companies with MarketBeat.com's FREE daily email newsletter.