Koninklijke KPN (OTCMKTS:KKPNF) Stock Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• Koninklijke KPN's stock price recently crossed above its 50-day moving average of $4.75, trading as high as $4.76 during Friday's session.
• Berenberg Bank upgraded Koninklijke KPN to a "strong-buy" rating, reflecting increasing analyst confidence in the stock.
• In its latest quarterly earnings report, Koninklijke KPN posted $0.06 earnings per share, falling short of the consensus estimate of $0.07 by $0.01, despite reporting significant revenue of $3.36 billion.

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.75 and traded as high as $4.76. Koninklijke KPN shares last traded at $4.62, with a volume of 20,937 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised Koninklijke KPN to a "strong-buy" rating in a research report on Thursday, June 26th.

Koninklijke KPN Price Performance

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 $18.16 billion, a price-to-earnings ratio of 23.35 and a beta of 0.36. The company has a 50-day simple moving average of $4.75 and a two-hundred day simple moving average of $4.36.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The firm had revenue of $3.36 billion during 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%. As a group, equities research analysts forecast 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.