Swisscom (OTCMKTS:SCMWY – Get Free Report) posted its earnings results on Thursday. The utilities provider reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04), Zacks reports. Swisscom had a return on equity of 11.31% and a net margin of 8.86%.
Swisscom Trading Up 2.7%
SCMWY stock traded up $2.37 during mid-day trading on Thursday, reaching $89.78. 8,463 shares of the stock traded hands, compared to its average volume of 17,862. Swisscom has a one year low of $68.01 and a one year high of $94.63. The stock has a market capitalization of $465.10 billion, a PE ratio of 27.32, a PEG ratio of 2.15 and a beta of 0.30. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.77 and a current ratio of 0.62. The business has a 50-day moving average price of $79.93 and a two-hundred day moving average price of $82.49.
Analyst Upgrades and Downgrades
Separately, Barclays restated an “underweight” rating on shares of Swisscom in a report on Tuesday, August 18th. Five equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.
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Swisscom Company Profile
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 computing, cybersecurity, networking, and digital workplace solutions for corporate and public-sector customers.
Swisscom serves customers primarily in Switzerland and has an international presence through Fastweb, its Italian subsidiary.
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