Koninklijke KPN (OTCMKTS:KKPNF) Stock Price Down 7.5% – Here’s Why

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price was down 7.5% on Thursday . The company traded as low as $4.45 and last traded at $4.45. Approximately 17,872 shares changed hands during trading, a decline of 68% from the average session volume of 55,353 shares. The stock had previously closed at $4.81.

Analysts Set New Price Targets

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

Koninklijke KPN Price Performance

The firm’s 50 day moving average price is $4.85 and its 200-day moving average price is $5.20. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 17.12 and a beta of 0.19.

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