Koninklijke KPN (OTCMKTS:KKPNF) Shares Down 4.6% – Here’s What Happened

Koninklijke KPN NV (OTCMKTS:KKPNF)’s share price fell 4.6% during mid-day trading on Wednesday . The stock traded as low as $4.7790 and last traded at $4.7790. 1,259 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 46,316 shares. The stock had previously closed at $5.01.

Koninklijke KPN Trading Down 5.2%

The company’s fifty day moving average price is $5.33 and its two-hundred day moving average price is $5.13. The firm has a market cap of $18.47 billion, a P/E ratio of 18.27 and a beta of 0.17.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its earnings results 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). Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.10%.The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $1.71 billion. On average, analysts predict that Koninklijke KPN NV will post 0.28 EPS 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.