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

Koninklijke KPN NV (OTCMKTS:KKPNF)’s stock price dropped 7.5% on Thursday . The company traded as low as $4.45 and last traded at $4.45. 17,872 shares were traded during mid-day 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 Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Koninklijke KPN Stock Performance

The stock has a market capitalization of $17.31 billion, a PE ratio of 17.12 and a beta of 0.19. The firm has a 50 day moving average of $4.85 and a 200-day moving average of $5.20.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Koninklijke KPN had a net margin of 15.09% and a return on equity of 26.25%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. On average, sell-side analysts predict that Koninklijke KPN NV will post 0.27 earnings per share 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.