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 fifty day moving average during trading on Wednesday . The stock has a fifty 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 traded.

Koninklijke KPN Stock Performance

The firm has a market capitalization of $20.49 billion, a P/E ratio of 20.27 and a beta of 0.19. The firm has a 50 day moving average price of $5.45 and a two-hundred day moving average price 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 for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $1.71 billion. Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.10%. Equities research analysts forecast that Koninklijke KPN NV will post 0.28 earnings per share for the current fiscal 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.