Swisscom (OTCMKTS:SCMWY) Shares Gap Down – What’s Next?

Shares of Swisscom AG (OTCMKTS:SCMWY) 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”.

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) 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.