Koninklijke KPN (OTCMKTS:KKPNF) Shares Down 4.8% – Here’s What Happened

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) fell 4.8% during mid-day trading on Wednesday . The stock traded as low as $4.4950 and last traded at $4.4950. Approximately 2,139 shares changed hands during trading, a decline of 96% from the average daily volume of 56,562 shares. The stock had previously closed at $4.72.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Koninklijke KPN has a consensus rating of “Buy”.

Koninklijke KPN Price Performance

The firm has a market capitalization of $18.87 billion, a P/E ratio of 18.66 and a beta of 0.19. The firm has a 50-day moving average of $4.78 and a 200-day moving average of $5.17. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.63 and a current ratio of 0.66.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Koninklijke KPN had a return on equity of 26.07% and a net margin of 15.09%.The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.68 billion. As a group, analysts predict that Koninklijke KPN NV will post 0.27 EPS for the current 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.