Koninklijke KPN (OTCMKTS:KKPNF) Stock Price Down 6.3% - Should You Sell?

Key Points

• Koninklijke KPN's stock price dropped by 6.3% to $4.64, with a significant decrease in trading volume of 94% compared to its average session.
• Despite the recent decline, Berenberg Bank upgraded Koninklijke KPN to a "strong-buy" rating, contributing to a consensus rating of "Moderate Buy" for the stock.
• The company reported earnings of $0.06 per share for the last quarter, falling short of the expected $0.07, while generating revenue of $3.36 billion against a consensus estimate of $1.41 billion.

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report)'s stock price fell 6.3% during trading on Monday . The stock traded as low as $4.64 and last traded at $4.64. 1,071 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 17,699 shares. The stock had previously closed at $4.95.

Analyst Upgrades and Downgrades

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 assigned a Hold rating to the stock. Based on data from MarketBeat, Koninklijke KPN has a consensus rating of "Moderate Buy".

Koninklijke KPN Price Performance

The stock has a fifty day moving average of $4.75 and a 200-day moving average of $4.68. The firm has a market capitalization of $18.67 billion, a P/E ratio of 24.00 and a beta of 0.33. The company has a quick ratio of 0.70, a current ratio of 0.72 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 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 during the quarter, compared to the consensus estimate of $1.41 billion. Equities analysts predict 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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