Koninklijke KPN (OTCMKTS:KKPNF) Stock Passes Below 50-Day Moving Average - What's Next?

Key Points

• Koninklijke KPN shares fell below their 50-day moving average of $4.74, trading as low as $4.52, indicating potential selling pressure.
• Berenberg Bank upgraded Koninklijke KPN to a "strong-buy" rating, signaling optimism from analysts despite recent performance challenges.
• The company reported quarterly earnings of $0.06 per share, missing expectations by $0.01, while generating revenue of $3.36 billion compared to forecasts of $1.41 billion.

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.74 and traded as low as $4.52. Koninklijke KPN shares last traded at $4.52, with a volume of 6,473 shares traded.

Wall Street Analysts Forecast Growth

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

Koninklijke KPN Trading Up 3.0%

The firm has a market cap of $18.24 billion, a P/E ratio of 23.45 and a beta of 0.36. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.72 and a quick ratio of 0.70. The stock has a 50 day moving average of $4.73 and a 200 day moving average of $4.40.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.06 earnings per share (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 23.15%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $1.41 billion. As a group, equities research analysts predict that Koninklijke KPN NV will post 0.26 EPS for the current year.

Koninklijke KPN Company Profile

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.