Koninklijke KPN (OTCMKTS:KKPNF) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Koninklijke KPN NV (OTCMKTS:KKPNF) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.45 and traded as low as $5.0790. Koninklijke KPN shares last traded at $5.27, with a volume of 6,214 shares trading hands.

Koninklijke KPN Stock Up 1.3%

The stock has a market cap of $20.49 billion, a price-to-earnings ratio of 20.27 and a beta of 0.19. The business has a 50-day moving average of $5.45 and a 200-day moving average of $5.08.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $1.71 billion. Koninklijke KPN had a net margin of 15.10% and a return on equity of 26.25%. Equities analysts anticipate that Koninklijke KPN NV will post 0.28 earnings per share for the current 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.