Koninklijke KPN (OTCMKTS:KKPNF) Stock Crosses Below Fifty Day Moving Average - Here's Why

Key Points

• Koninklijke KPN's stock price fell below its 50-day moving average of $4.73, trading as low as $4.67 during the recent session.
• Berenberg Bank upgraded the company's stock to a "strong-buy" rating, with a consensus rating of "Moderate Buy" from analysts.
• In its latest earnings report, Koninklijke KPN missed EPS estimates, reporting $0.06 compared to the expected $0.07, while revenues totaled $3.36 billion, surpassing the consensus of $1.41 billion.

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report)'s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.73 and traded as low as $4.67. Koninklijke KPN shares last traded at $4.70, with a volume of 8,893 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded shares of Koninklijke KPN to a "strong-buy" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Koninklijke KPN Stock Performance

The stock has a market capitalization of $18.28 billion, a P/E ratio of 23.50 and a beta of 0.37. The company's 50-day moving average is $4.73 and its two-hundred day moving average is $4.61. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.82.

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