Swisscom (OTCMKTS:SCMWY) Sees Unusually-High Trading Volume – Here’s Why

Swisscom AG (OTCMKTS:SCMWY – Get Free Report) shares saw strong trading volume on Wednesday . Approximately 45,908 shares traded hands during trading, an increase of 326% from the previous session’s volume of 10,785 shares.The stock last traded at $78.70 and had previously closed at $79.82.

Wall Street Analyst Weigh In

SCMWY has been the subject of several research reports. Morgan Stanley downgraded shares of Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Citigroup restated a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Finally, Barclays reaffirmed 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

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Swisscom Stock Up 0.1%

The company has a market cap of $410.73 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 2.22 and a beta of 0.28. 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 stock has a fifty day moving average price of $78.49 and a two-hundred day moving average price of $82.12.

Swisscom (OTCMKTS:SCMWY – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.44 billion. Swisscom had a return on equity of 11.31% and a net margin of 8.86%. On average, research analysts expect that Swisscom AG will post 3.18 EPS for the current year.

Swisscom Company Profile

(Get Free Report)

Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, digital television, and related connectivity services to consumers and businesses. The company also offers information technology, cloud, cybersecurity, networking, and unified communications solutions for corporate and public-sector customers.

Swisscom serves customers primarily in Switzerland, where it operates one of the country’s largest communications networks.

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