Koninklijke KPN (OTCMKTS:KKPNF) Sees Strong Trading Volume – Here’s Why

Koninklijke KPN NV (OTCMKTS:KKPNF) saw unusually-strong trading volume on Thursday . Approximately 86,529 shares were traded during mid-day trading, an increase of 77% from the previous session’s volume of 48,781 shares.The stock last traded at $5.1580 and had previously closed at $5.10.

Koninklijke KPN Trading Down 4.5%

The company has a market cap of $19.14 billion, a PE ratio of 18.93 and a beta of 0.17. The firm’s fifty day moving average is $5.41 and its 200 day moving average is $5.10.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its quarterly 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 company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.10%. As a group, sell-side analysts anticipate that Koninklijke KPN NV will post 0.28 EPS 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.