Koninklijke KPN (OTCMKTS:KKPNF) Stock Crosses Above 50 Day Moving Average - Should You Sell?

Key Points

• Koninklijke KPN's stock price has recently crossed above its 50-day moving average of $4.73, trading as high as $4.84.
• Berenberg Bank upgraded the stock to a "strong-buy" rating, contributing to an average rating of "Moderate Buy" from analysts.
• The company reported a net margin of 14.34% for the last quarter, but its earnings per share (EPS) missed the consensus estimate.

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.73 and traded as high as $4.84. Koninklijke KPN shares last traded at $4.73, with a volume of 5,878 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded shares of Koninklijke KPN to a "strong-buy" rating in a report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, Koninklijke KPN presently has an average rating of "Moderate Buy".

Koninklijke KPN Price Performance

The company's fifty day moving average is $4.73 and its 200 day moving average is $4.64. The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 1.82. The stock has a market cap of $18.39 billion, a PE ratio of 23.65 and a beta of 0.33.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Koninklijke KPN had a net margin of 14.34% and a return on equity of 23.15%. The business had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $1.41 billion. As a group, sell-side analysts anticipate that Koninklijke KPN NV will post 0.26 earnings per share for the current fiscal 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.

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