Koninklijke KPN (OTCMKTS:KKPNF) Trading Down 6.4% – Should You Sell?

Shares of Koninklijke KPN NV (OTCMKTS:KKPNF) fell 6.4% during trading on Monday . The company traded as low as $4.5050 and last traded at $4.5050. 3,705 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 59,067 shares. The stock had previously closed at $4.8150.

Analysts Set New Price Targets

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

Koninklijke KPN Trading Up 0.6%

The company’s 50-day simple moving average is $4.98 and its 200 day simple moving average is $5.18. The stock has a market cap of $18.55 billion, a P/E ratio of 18.35 and a beta of 0.18.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.09%.The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.68 billion. Research analysts anticipate 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.