Swisscom (OTCMKTS:SCMWY) Sees Large Volume Increase – Here’s Why

Swisscom AG (OTCMKTS:SCMWY) shares saw strong trading volume on Tuesday. Approximately 26,445 shares traded hands during trading, an increase of 116% from the previous session’s volume of 12,218 shares. The stock last traded at $76.08 and had previously closed at $74.90.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SCMWY. Citigroup restated a “neutral” rating on shares of Swisscom in a research note on Monday, July 6th. Barclays reiterated an “underweight” rating on shares of Swisscom in a research note on Tuesday, August 18th. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Swisscom currently has a consensus rating of “Reduce”.

Swisscom Trading Up 1.3%

The stock has a market cap of $398.87 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.16 and a beta of 0.28. The company has a quick ratio of 0.77, a current ratio of 0.62 and a debt-to-equity ratio of 0.97. The business’s 50 day simple moving average is $78.38 and its 200 day simple moving average is $80.57.

Swisscom (OTCMKTS:SCMWY) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.44 billion. Swisscom had a net margin of 8.86% and a return on equity of 11.31%. On average, research analysts expect that Swisscom AG will post 3.02 EPS for the current fiscal year.

Swisscom Company Profile

Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, television, and related digital services to residential and business customers. Its offerings also include cloud computing, cybersecurity, IT infrastructure, data-center services, and communications solutions for enterprises and public-sector organizations.

Swisscom serves customers primarily in Switzerland and, through its Fastweb subsidiary, in Italy.