Koninklijke KPN (OTCMKTS:KKPNF) Stock Price Down 5.2% – Here’s What Happened

Koninklijke KPN NV (OTCMKTS:KKPNF) was down 5.2% on Monday . The company traded as low as $4.70 and last traded at $4.70. 1,445 shares traded hands during trading, a decline of 98% from the average daily volume of 60,833 shares. The stock had previously closed at $4.96.

Analysts Set New Price Targets

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 issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Koninklijke KPN Trading Down 1.2%

The firm’s 50-day moving average price is $5.04 and its 200 day moving average price is $5.18. The company has a market capitalization of $18.90 billion, a price-to-earnings ratio of 18.69 and a beta of 0.18.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share (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 analyst estimates of $1.71 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.10%. As a group, equities research analysts anticipate that Koninklijke KPN NV will post 0.27 earnings per share for the current fiscal year.

Koninklijke KPN Company Profile

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.