Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report) gapped down prior to trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $4.86, but opened at $4.72. Koninklijke KPN shares last traded at $4.72, with a volume of 4,105 shares traded.
The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Koninklijke KPN had a net margin of 14.34% and a return on equity of 23.31%. The business had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $1.41 billion.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank upgraded Koninklijke KPN to a "strong-buy" rating in a research note on Thursday, June 26th.
Read Our Latest Stock Report on Koninklijke KPN
Koninklijke KPN Price Performance
The company has a debt-to-equity ratio of 1.52, a current ratio of 0.74 and a quick ratio of 0.72. The stock has a 50 day moving average price of $4.77 and a 200-day moving average price of $4.31. The stock has a market capitalization of $18.28 billion, a price-to-earnings ratio of 23.50 and a beta of 0.35.
About Koninklijke KPN
(
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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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