Koninklijke KPN (OTCMKTS:KKPNF) Shares Pass Above 50-Day Moving Average – Time to Sell?

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.19 and traded as high as $5.5880. Koninklijke KPN shares last traded at $5.5220, with a volume of 7,110 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Koninklijke KPN from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Koninklijke KPN Price Performance

The company has a market cap of $21.47 billion, a price-to-earnings ratio of 23.01 and a beta of 0.24. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.82. The business has a 50-day moving average price of $5.19 and a 200 day moving average price of $4.85.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its earnings results on Wednesday, January 28th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Koninklijke KPN had a return on equity of 24.84% and a net margin of 14.72%.The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. As a group, research 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.