Koninklijke KPN (OTCMKTS:KKPNY) Share Price Crosses Below 50 Day Moving Average - Should You Sell?

Key Points

• Koninklijke KPN's stock price fell below its fifty day moving average of $4.78, trading as low as $4.59 before closing at $4.65, with a volume of 173,870 shares.
• Analysts from Kepler Capital Markets have raised Koninklijke KPN to a "hold" rating, indicating a more cautious outlook on the stock.
• The company has announced a dividend payment of $0.0682 per share, reflecting an extraordinary yield of 358.0%, with the ex-dividend date set for August 6th.

Shares of Koninklijke KPN NV (OTCMKTS:KKPNY - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.78 and traded as low as $4.59. Koninklijke KPN shares last traded at $4.65, with a volume of 173,870 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets upgraded Koninklijke KPN to a "hold" rating in a research note on Wednesday, April 9th.

Koninklijke KPN Stock Down 1.1%

The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 1.52. The business has a 50 day moving average price of $4.77 and a 200-day moving average price of $4.36.

Koninklijke KPN Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, August 7th will be issued a $0.0682 dividend. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a yield of 358.0%.

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.