Koninklijke KPN (OTCMKTS:KKPNF) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Koninklijke KPN (OTCMKTS:KKPNF) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $3.76 and traded as low as $3.51. Koninklijke KPN shares last traded at $3.60, with a volume of 5,648 shares changing hands.

Wall Street Analyst Weigh In

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

Koninklijke KPN Trading Down 1.9 %

The stock has a 50 day moving average of $3.76 and a 200-day moving average of $3.92. The company has a market capitalization of $15.12 billion, a P/E ratio of 18.00 and a beta of 0.39. 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 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.