Koninklijke KPN (OTCMKTS:KKPNF) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Koninklijke KPN's stock price rose above its 200-day moving average of $4.68, reaching a high of $4.95 during trading with a volume of 9,103 shares.
• Berenberg Bank upgraded Koninklijke KPN to a "strong-buy" rating, contributing to a consensus rating of "Moderate Buy" from analysts.
• Despite reporting earnings per share of $0.06, which missed estimates, Koninklijke KPN generated significant revenue of $3.36 billion for the quarter.

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.68 and traded as high as $4.95. Koninklijke KPN shares last traded at $4.95, with a volume of 9,103 shares traded.

Wall Street Analyst Weigh In

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

Koninklijke KPN Stock Up 3.7%

The firm's 50 day moving average is $4.75 and its two-hundred day moving average is $4.68. The stock has a market cap of $19.25 billion, a price-to-earnings ratio of 24.75 and a beta of 0.33. 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 announced its earnings results on Wednesday, July 23rd. The company reported $0.06 earnings per share 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 firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, sell-side 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.

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