Koninklijke KPN (OTCMKTS:KKPNF) Stock Crosses Below 50 Day Moving Average on Disappointing Earnings

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price passed below its fifty day moving average during trading on Wednesday following a dissappointing earnings announcement. The stock has a fifty day moving average of $4.77 and traded as low as $4.59. Koninklijke KPN shares last traded at $4.67, with a volume of 15,226 shares traded.

The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Koninklijke KPN had a net margin of 14.37% and a return on equity of 23.72%. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $1.46 billion.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Koninklijke KPN from a “hold” rating to a “strong sell” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Koninklijke KPN Price Performance

The company has a 50 day moving average price of $4.77 and a 200 day moving average price of $4.71. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of 21.23 and a beta of 0.33. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.82.

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.