Shares of Swisscom AG (OTCMKTS:SCMWY – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $77.73, but opened at $75.45. Swisscom shares last traded at $75.64, with a volume of 5,005 shares.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on SCMWY shares. Barclays restated an “underweight” rating on shares of Swisscom in a report on Tuesday, August 18th. Morgan Stanley downgraded shares of Swisscom to an “underweight” rating in a report on Thursday, June 11th. Finally, Citigroup restated a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Five analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.
Get Our Latest Stock Analysis on SCMWY
Swisscom Stock Performance
The company has a current ratio of 0.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.97. The firm has a market cap of $394.68 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 2.21 and a beta of 0.28. The stock has a fifty day moving average price of $78.45 and a 200 day moving average price of $80.94.
Swisscom (OTCMKTS:SCMWY – Get Free Report) last posted its earnings results 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 firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.44 billion. Swisscom had a return on equity of 11.31% and a net margin of 8.86%. As a group, analysts predict that Swisscom AG will post 3.02 earnings per share for the current year.
About Swisscom
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.
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