Koninklijke KPN (OTCMKTS:KKPNF) Shares Cross Above Fifty Day Moving Average – What’s Next?

Koninklijke KPN (OTCMKTS:KKPNF) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.66 and traded as high as $3.77. Koninklijke KPN shares last traded at $3.66, with a volume of 12,092 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KKPNF. Sanford C. Bernstein lowered Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays downgraded Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th.

Koninklijke KPN Stock Down 0.8 %

The firm has a market cap of $14.23 billion, a P/E ratio of 18.30 and a beta of 0.38. The business’s fifty day moving average price is $3.66 and its two-hundred day moving average price is $3.87. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 1.46.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Koninklijke KPN had a return on equity of 23.41% and a net margin of 15.04%. As a group, equities research analysts anticipate that Koninklijke KPN will post 0.25 EPS for the current year.

About Koninklijke KPN

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.