Koninklijke KPN (OTCMKTS:KKPNF) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Koninklijke KPN NV (OTCMKTS:KKPNFGet Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.45 and traded as low as $5.0790. Koninklijke KPN shares last traded at $5.27, with a volume of 6,214 shares trading hands.

Koninklijke KPN Price Performance

The business has a 50 day simple moving average of $5.44 and a 200 day simple moving average of $5.08. The stock has a market cap of $20.18 billion, a PE ratio of 19.96 and a beta of 0.19.

Koninklijke KPN (OTCMKTS:KKPNFGet Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Koninklijke KPN had a net margin of 15.10% and a return on equity of 26.25%. As a group, sell-side analysts forecast that Koninklijke KPN NV will post 0.28 earnings per share for the current fiscal year.

About Koninklijke KPN

(Get Free Report)

Koninklijke KPN N.V. (Royal KPN) is a Dutch telecommunications and ICT services company headquartered in The Hague. The group traces its origins to the Dutch national postal and telecommunications service and evolved into a privatized commercial operator. KPN is primarily listed on Euronext Amsterdam and its American depositary receipts trade over the counter under the symbol KKPNF.

KPN’s core activities cover a full range of telecommunications and digital infrastructure services. For consumer markets it offers fixed-line and mobile voice services, broadband internet, television and bundled connectivity packages.

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