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

Koninklijke KPN NV (OTCMKTS:KKPNF) shares were down 6.4% on Monday . The company traded as low as $4.5050 and last traded at $4.5050. Approximately 3,705 shares changed hands during trading, a decline of 94% from the average session volume of 59,067 shares. The stock had previously closed at $4.8150.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Koninklijke KPN has an average rating of “Buy”.

Koninklijke KPN Stock Performance

The company has a market cap of $17.52 billion, a price-to-earnings ratio of 17.33 and a beta of 0.18. The company’s 50 day moving average price is $5.01 and its 200 day moving average price is $5.18.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $1.70 billion during 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%. On average, equities research analysts forecast that Koninklijke KPN NV will post 0.27 EPS 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.