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

Koninklijke KPN (OTCMKTS:KKPNF) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.73 and traded as high as $4.16. Koninklijke KPN shares last traded at $4.01, with a volume of 93,376 shares traded.

Analysts Set New Price Targets

A number of research firms recently 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 Price Performance

The firm’s fifty day simple moving average is $3.73 and its 200-day simple moving average is $3.86. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $15.59 billion, a PE ratio of 20.05 and a beta of 0.31.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly earnings data 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 net margin of 15.04% and a return on equity of 23.41%. On average, research analysts forecast that Koninklijke KPN will post 0.26 earnings per share for the current fiscal year.

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.