Koninklijke KPN (OTCMKTS:KKPNF) Stock Price Passes Above Fifty Day Moving Average - Here's What Happened

Shares of Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.31 and traded as high as $4.87. Koninklijke KPN shares last traded at $4.60, with a volume of 7,022 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein downgraded shares of Koninklijke KPN from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 23rd.

Koninklijke KPN Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $17.89 billion, a P/E ratio of 23.00 and a beta of 0.37. The company's fifty day simple moving average is $4.31 and its 200 day simple moving average is $3.94.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). Koninklijke KPN had a net margin of 15.04% and a return on equity of 23.41%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.41 billion. As a group, sell-side analysts forecast that Koninklijke KPN will post 0.26 earnings per share for the current fiscal year.

About Koninklijke KPN

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.