Koninklijke KPN (OTCMKTS:KKPNF) Shares Down 9% – Here’s What Happened

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

Koninklijke KPN Price Performance

The firm has a market capitalization of $18.47 billion, a P/E ratio of 18.27 and a beta of 0.17. The firm’s fifty day moving average price is $5.21 and its 200-day moving average price is $5.15.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its earnings results on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $1.71 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.10%. Analysts expect that Koninklijke KPN NV will post 0.28 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.