Koninklijke KPN (OTCMKTS:KKPNF) Shares Down 6.9% Following Weak Earnings

Koninklijke KPN NV (OTCMKTS:KKPNF) dropped 6.9% during mid-day trading on Wednesday following a weaker than expected earnings announcement. The stock traded as low as $4.6210 and last traded at $4.6250. Approximately 5,966 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 39,080 shares. The stock had previously closed at $4.97.

The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Koninklijke KPN had a net margin of 14.72% and a return on equity of 24.84%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Koninklijke KPN from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, Koninklijke KPN presently has a consensus rating of “Buy”.

Koninklijke KPN Trading Down 1.7%

The company has a fifty day moving average of $4.59 and a 200-day moving average of $4.66. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.72 and a quick ratio of 0.70. The firm has a market capitalization of $18.24 billion, a PE ratio of 19.54 and a beta of 0.28.

Koninklijke KPN Company Profile

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.