Koninklijke KPN (OTCMKTS:KKPNF) Shares Gap Down – Here’s What Happened

Koninklijke KPN NV (OTCMKTS:KKPNF) gapped down prior to trading on Tuesday . The stock had previously closed at $5.1380, but opened at $4.8350. Koninklijke KPN shares last traded at $5.0970, with a volume of 1,166 shares changing hands.

Koninklijke KPN Stock Down 6.0%

The stock’s 50-day moving average price is $5.34 and its 200 day moving average price is $5.13. The firm has a market capitalization of $18.78 billion, a price-to-earnings ratio of 18.58 and a beta of 0.17.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its earnings results on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $1.71 billion. Koninklijke KPN had a net margin of 15.10% and a return on equity of 26.25%. On average, sell-side analysts anticipate that Koninklijke KPN NV will post 0.28 earnings per share for the current 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.