Koninklijke KPN (OTCMKTS:KKPNF) Shares Down 2.9% - Here's Why

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report)'s stock price dropped 2.9% on Thursday . The stock traded as low as $4.71 and last traded at $4.71. Approximately 10,187 shares traded hands during trading, a decline of 50% from the average daily volume of 20,486 shares. The stock had previously closed at $4.85.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded Koninklijke KPN to a "strong-buy" rating in a research note on Thursday, June 26th.

Koninklijke KPN Trading Down 1.2%

The company has a fifty day moving average price of $4.69 and a two-hundred day moving average price of $4.18. The firm has a market capitalization of $18.63 billion, a price-to-earnings ratio of 23.95 and a beta of 0.35. The company has a current ratio of 0.74, a quick ratio of 0.72 and a debt-to-equity ratio of 1.52.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.41 billion. Koninklijke KPN had a net margin of 14.88% and a return on equity of 23.34%. As a group, research analysts forecast that Koninklijke KPN NV will post 0.26 earnings per share for the current fiscal year.

About Koninklijke KPN

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. It operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. The company offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail and business consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.

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