Koninklijke KPN (OTCMKTS:KKPNF) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Koninklijke KPN (OTCMKTS:KKPNF) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.94 and traded as low as $3.49. Koninklijke KPN shares last traded at $3.49, with a volume of 6,729 shares.

Wall Street Analyst Weigh In

Separately, Barclays cut shares of Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th.

Koninklijke KPN Price Performance

The stock has a fifty day simple moving average of $3.85 and a 200-day simple moving average of $3.93. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.68 and a current ratio of 0.70.

Koninklijke KPN Company Profile

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.