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

Key Points

• Shares slipped below the 50-day moving average, trading as low as $5.3060 versus a 50-day MA of $5.52 and last at $5.5140 on light volume, even as the stock is noted as being up 5.4%.
• Mixed quarterly results: KPN missed EPS estimates ($0.07 vs. $0.08) but beat revenue forecasts ($1.73B vs. $1.70B); the company has a $21.44B market cap and a P/E of 22.98, with analysts projecting 0.28 EPS for the fiscal year.

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.52 and traded as low as $5.3060. Koninklijke KPN shares last traded at $5.5140, with a volume of 4,591 shares trading hands.

Koninklijke KPN Stock Up 5.4%

The firm has a market capitalization of $21.44 billion, a P/E ratio of 22.98 and a beta of 0.24. The firm's 50-day simple moving average is $5.52 and its 200-day simple moving average is $4.97.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.70 billion. Koninklijke KPN had a return on equity of 24.84% and a net margin of 14.72%. As a group, analysts expect that Koninklijke KPN NV will post 0.28 EPS for the current fiscal year.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. (Royal KPN) is a Dutch telecommunications and ICT services company headquartered in The Hague. The group traces its origins to the Dutch national postal and telecommunications service and evolved into a privatized commercial operator. KPN is primarily listed on Euronext Amsterdam and its American depositary receipts trade over the counter under the symbol KKPNF.

KPN's core activities cover a full range of telecommunications and digital infrastructure services. For consumer markets it offers fixed-line and mobile voice services, broadband internet, television and bundled connectivity packages.

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