Koninklijke KPN (OTCMKTS:KKPNF) Stock Price Down 8.3% – What’s Next?

Koninklijke KPN NV (OTCMKTS:KKPNF – Get Free Report) shares traded down 8.3% on Wednesday. The company traded as low as $4.20 and last traded at $4.20. 991 shares were traded during trading, a decline of 98% from the average session volume of 55,533 shares. The stock had previously closed at $4.5820.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised shares of Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Koninklijke KPN presently has an average rating of “Buy”.

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Koninklijke KPN Price Performance

The firm has a market capitalization of $17.89 billion, a P/E ratio of 17.69 and a beta of 0.19. The company has a fifty day moving average of $4.69 and a 200 day moving average of $5.02. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.66 and a quick ratio of 0.63.

Koninklijke KPN (OTCMKTS:KKPNF – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Koninklijke KPN had a return on equity of 26.07% and a net margin of 15.09%.The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. Sell-side analysts predict that Koninklijke KPN NV will post 0.27 earnings per share for the current year.

About Koninklijke KPN

(Get Free Report)

Koninklijke KPN N.V. is a Dutch telecommunications company that provides connectivity and digital services to consumers, businesses and public-sector organizations. Its offerings include mobile and fixed-line communications, broadband internet, television, digital applications and related customer services.

KPN operates and manages telecommunications infrastructure in the Netherlands, including fiber-optic and mobile networks. The company also provides information and communications technology services for business customers, such as workplace connectivity, cloud solutions, cybersecurity and managed network services.

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