Swisscom (OTCMKTS:SCMWY) Issues Earnings Results

Swisscom (OTCMKTS:SCMWY) posted its quarterly earnings data on Thursday. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08, Zacks reports. Swisscom had a net margin of 8.30% and a return on equity of 10.63%.

Swisscom Price Performance

SCMWY stock traded up $2.60 during midday trading on Thursday, reaching $79.05. The stock had a trading volume of 35,675 shares, compared to its average volume of 15,992. Swisscom has a 52-week low of $68.01 and a 52-week high of $94.63. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.15. The company’s fifty day simple moving average is $78.79 and its 200 day simple moving average is $83.75. The company has a market cap of $409.46 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 1.86 and a beta of 0.28.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SCMWY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Swisscom in a research note on Thursday, April 23rd. BNP Paribas Exane lowered shares of Swisscom from an “outperform” rating to a “hold” rating in a research note on Tuesday, April 14th. Citigroup reiterated a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Finally, Morgan Stanley lowered Swisscom to an “underweight” rating in a research note on Thursday, June 11th. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Swisscom 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.