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

Key Points

• Koninklijke KPN's stock price has recently exceeded its 50-day moving average of $4.72, closing at $4.83 after reaching a high of $5.02.
• Analyst firm Berenberg Bank has upgraded Koninklijke KPN to a "strong-buy" rating, contributing to a consensus rating of "Moderate Buy" among analysts.
• The company reported earnings of $0.06 per share for the last quarter, missing estimates, but has a significant market capitalization of $18.78 billion.

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.72 and traded as high as $5.02. Koninklijke KPN shares last traded at $4.83, with a volume of 7,587 shares trading hands.

Wall Street Analysts Forecast Growth

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

Koninklijke KPN Stock Performance

The firm's 50-day moving average price is $4.72 and its two-hundred day moving average price is $4.54. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.70 and a current ratio of 0.72. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 24.45 and a beta of 0.37.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last announced its quarterly 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). The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $1.41 billion. Koninklijke KPN had a net margin of 14.34% and a return on equity of 23.15%. On average, analysts expect 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.