Koninklijke KPN (OTCMKTS:KKPNF) Stock Price Down 4.5% – Here’s Why

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price fell 4.5% on Friday . The company traded as low as $4.50 and last traded at $4.50. 4,059 shares were traded during mid-day trading, a decline of 92% from the average session volume of 53,817 shares. The stock had previously closed at $4.71.

Wall Street Analyst Weigh In

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

Koninklijke KPN Trading Down 1.5%

The company has a market cap of $18.04 billion, a P/E ratio of 17.85 and a beta of 0.19. The firm’s 50 day moving average price is $4.81 and its 200-day moving average price is $5.19.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.68 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.09%. Analysts predict that Koninklijke KPN NV will post 0.27 earnings per share 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.