Koninklijke KPN (OTCMKTS:KKPNF) Sees Large Volume Increase – Here’s What Happened

Koninklijke KPN NV (OTCMKTS:KKPNF) saw unusually-strong trading volume on Wednesday. Approximately 1,262,441 shares changed hands during trading, an increase of 2,352% from the average daily volume of 51,479 shares. The stock last traded at $5.1140 and had previously closed at $4.78.

Koninklijke KPN Stock Performance

The stock has a market cap of $19.17 billion, a price-to-earnings ratio of 18.96 and a beta of 0.21. The firm’s 50-day moving average is $4.63 and its two-hundred day moving average is $5.02. The company has a current ratio of 0.66, a quick ratio of 0.63 and a debt-to-equity ratio of 1.86.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. Koninklijke KPN had a return on equity of 26.34% and a net margin of 15.20%. The company had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.32 billion. As a group, sell-side analysts expect that Koninklijke KPN NV will post 0.27 earnings per share for the current year.

About Koninklijke KPN

Koninklijke KPN N.V. is a telecommunications company headquartered in the Netherlands. The company provides mobile and fixed-line communications services to consumers, businesses and public-sector organizations, primarily within the Dutch market.

KPN’s consumer offerings include mobile connectivity, broadband internet, fixed-line telephone services and television. The company also provides related digital services and operates communications networks that support voice, data and internet traffic.

Through its business activities, KPN serves small and medium-sized enterprises, large corporations and government customers with connectivity, workplace communications, cloud, cybersecurity and other information and communications technology solutions.