Koninklijke KPN (OTCMKTS:KKPNF) Shares Pass Above 50 Day Moving Average on Disappointing Earnings

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday following a stronger than expected earnings report. The stock has a 50 day moving average of $4.76 and traded as high as $4.78. Koninklijke KPN shares last traded at $4.71, with a volume of 10,362 shares.

The company reported $0.06 earnings per share (EPS) 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 23.31%. The firm had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $1.41 billion.

Wall Street Analyst Weigh In

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

Koninklijke KPN Stock Down 1.1%

The stock has a market capitalization of $18.28 billion, a PE ratio of 23.50 and a beta of 0.35. The firm has a 50 day moving average of $4.76 and a two-hundred day moving average of $4.30. The company has a current ratio of 0.74, a quick ratio of 0.72 and a debt-to-equity ratio of 1.52.

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.