Swisscom AG (OTCMKTS:SCMWY – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 11,377 shares traded hands during mid-day trading, an increase of 32% from the previous session’s volume of 8,644 shares.The stock last traded at $81.22 and had previously closed at $81.11.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on SCMWY shares. New Street Research downgraded Swisscom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th. BNP Paribas Exane downgraded Swisscom from an “outperform” rating to a “hold” rating in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. Finally, UBS Group cut Swisscom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.
Check Out Our Latest Analysis on SCMWY
Swisscom Trading Up 0.7%
Swisscom (OTCMKTS:SCMWY – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.08). Swisscom had a net margin of 8.30% and a return on equity of 10.63%. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.67 billion. Analysts expect that Swisscom AG will post 3.19 earnings per share for the current year.
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.
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