Koninklijke KPN (OTCMKTS:KKPNF) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.36 and traded as high as $5.6150. Koninklijke KPN shares last traded at $5.55, with a volume of 4,666 shares changing hands.

Wall Street Analysts Forecast Growth

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

Koninklijke KPN Price Performance

The company has a fifty day simple moving average of $5.36 and a two-hundred day simple moving average of $4.89. The company has a market capitalization of $21.58 billion, a P/E ratio of 23.13 and a beta of 0.24.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Koninklijke KPN had a net margin of 14.72% and a return on equity of 24.84%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. Equities analysts anticipate that Koninklijke KPN NV will post 0.26 earnings per share for the current year.

Koninklijke KPN Company Profile

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.