Koninklijke KPN (OTCMKTS:KKPNF) Stock Crosses Above 50-Day Moving Average – What’s Next?

Koninklijke KPN (OTCMKTS:KKPNF)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.73 and traded as high as $4.16. Koninklijke KPN shares last traded at $4.01, with a volume of 93,376 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays downgraded shares of Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein lowered shares of Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 23rd.

Koninklijke KPN Stock Performance

The company has a market cap of $15.59 billion, a P/E ratio of 20.05 and a beta of 0.31. The business’s 50 day simple moving average is $3.73 and its 200 day simple moving average is $3.86. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 1.46.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. Koninklijke KPN had a net margin of 15.04% and a return on equity of 23.41%. Sell-side analysts predict that Koninklijke KPN will post 0.26 earnings per share for the current fiscal year.

About Koninklijke KPN

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.