Koninklijke KPN (OTCMKTS:KKPNF) Shares Down 7.5% – Time to Sell?

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) fell 7.5% during trading on Thursday . The stock traded as low as $4.45 and last traded at $4.45. Approximately 17,872 shares changed hands during trading, a decline of 68% from the average session volume of 55,353 shares. The stock had previously closed at $4.81.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded shares of Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Koninklijke KPN Stock Down 3.1%

The stock’s 50 day moving average price is $4.84 and its two-hundred day moving average price is $5.20. The stock has a market cap of $18.28 billion, a price-to-earnings ratio of 18.08 and a beta of 0.19.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.68 billion. Koninklijke KPN had a net margin of 15.09% and a return on equity of 26.25%. On average, analysts predict that Koninklijke KPN NV will post 0.27 earnings per share for the current fiscal 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.