Koninklijke KPN (OTCMKTS:KKPNF) Stock Price Down 8.3% – Time to Sell?

Koninklijke KPN NV (OTCMKTS:KKPNF)’s stock price traded down 8.3% during mid-day trading on Friday . The company traded as low as $5.2010 and last traded at $5.2010. 2,747 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 65,225 shares. The stock had previously closed at $5.67.

Koninklijke KPN Price Performance

The stock has a market capitalization of $21.00 billion, a PE ratio of 22.50 and a beta of 0.24. The firm’s 50 day simple moving average is $5.52 and its 200 day simple moving average is $4.94.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Koninklijke KPN had a return on equity of 24.84% and a net margin of 14.72%.The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Analysts expect that Koninklijke KPN NV will post 0.26 earnings per share for the current fiscal year.

About Koninklijke KPN

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.