Swisscom (SCMWY) to Release Earnings on Thursday

Swisscom (OTCMKTS:SCMWY) is expected to be releasing its resultson Thursday, May 7th. Analysts expect Swisscom to post earnings of $0.9040 per share and revenue of $4.6203 billion for the quarter.

Swisscom Price Performance

Shares of OTCMKTS:SCMWY opened at $84.18 on Tuesday. The firm’s 50 day moving average price is $87.81 and its 200-day moving average price is $79.80. Swisscom has a twelve month low of $62.91 and a twelve month high of $94.63. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $436.08 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 2.04 and a beta of 0.26.

Wall Street Analyst Weigh In

SCMWY has been the topic of a number of recent analyst reports. New Street Research cut shares of Swisscom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. UBS Group lowered shares of Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. Finally, BNP Paribas Exane lowered shares of Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Swisscom Company Profile

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.