Swisscom (OTCMKTS:SCMWY – Get Free Report) issued its quarterly earnings data on Thursday. The utilities provider reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04), Zacks reports. Swisscom had a return on equity of 11.31% and a net margin of 8.86%. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.41 billion.
Swisscom Stock Down 2.4%
Swisscom stock traded down $2.17 during midday trading on Friday, hitting $87.62. 5,801 shares of the stock were exchanged, compared to its average volume of 22,557. Swisscom has a 1 year low of $68.01 and a 1 year high of $94.63. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.62 and a quick ratio of 0.77. The firm has a market cap of $453.88 billion, a P/E ratio of 27.99, a P/E/G ratio of 2.11 and a beta of 0.30. The company has a 50 day moving average price of $80.12 and a two-hundred day moving average price of $82.55.
Analysts Set New Price Targets
Separately, Barclays reissued an “underweight” rating on shares of Swisscom in a research report on Tuesday, August 18th. Five equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Swisscom presently has an average rating of “Reduce”.
View Our Latest Research Report on Swisscom
Swisscom Company Profile
Swisscom AG is a telecommunications and information technology company headquartered in Switzerland. It provides mobile and fixed-line phone services, broadband internet, television and related digital services to residential and business customers. Its business offerings also include IT, cloud and cybersecurity solutions.
Swisscom serves customers in Switzerland and Italy. In Italy, it operates through Fastweb; following the integration of Vodafone Italia, the business operates under the Fastweb + Vodafone name.
The company was established in 1998 when Switzerland’s former federal telecommunications and postal organization was divided into separate entities.
Read More
- Five stocks we like better than Swisscom
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for Swisscom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swisscom and related companies with MarketBeat.com's FREE daily email newsletter.
