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Koninklijke KPN (OTCMKTS:KKPNF) Stock Crosses Below Fifty Day Moving Average - Here's Why

Koninklijke KPN logo with Multi-Sector Conglomerates background

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report)'s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-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.

Analysts Set New Price Targets

Separately, Barclays downgraded Koninklijke KPN from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th.

Read Our Latest Stock Report on Koninklijke KPN

Koninklijke KPN Price Performance

The firm 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 fifty day moving average of $3.76 and a 200 day moving average of $3.92. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.70 and a quick ratio of 0.68.

Koninklijke KPN Company Profile

(Get Free Report)

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.

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