Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday after the company announced better than expected quarterly earnings. The stock has a fifty 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 trading hands.
The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $1.41 billion. Koninklijke KPN had a net margin of 14.34% and a return on equity of 23.31%.
Wall Street Analyst Weigh In
Separately, Berenberg Bank raised Koninklijke KPN to a "strong-buy" rating in a research report on Thursday, June 26th.
Read Our Latest Analysis on Koninklijke KPN
Koninklijke KPN Stock Performance
The company has a market capitalization of $18.28 billion, a P/E ratio of 23.50 and a beta of 0.35. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.74 and a quick ratio of 0.72. The company has a fifty day moving average price of $4.77 and a two-hundred day moving average price of $4.32.
Koninklijke KPN Company Profile
(
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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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