Swisscom (OTCMKTS:SCMWY) Reaches New 1-Year High – Here’s Why

Swisscom AG (OTCMKTS:SCMWY)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $70.39 and last traded at $68.48, with a volume of 5786 shares traded. The stock had previously closed at $68.95.

Analysts Set New Price Targets

Separately, BNP Paribas lowered Swisscom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 10th.

Swisscom Stock Down 0.7%

The company has a market cap of $354.74 billion, a price-to-earnings ratio of 20.26 and a beta of 0.30. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.11 and a current ratio of 2.11. The business has a 50-day simple moving average of $65.50 and a 200-day simple moving average of $60.17.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.13). The firm had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.19 billion. Swisscom had a net margin of 14.19% and a return on equity of 12.00%. On average, equities analysts anticipate that Swisscom AG will post 3.47 earnings per share for the current fiscal year.

Swisscom Company Profile

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. It operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. The company offers mobile and fixed-network services, such as telephony, TV, broadband, and mobile offerings, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises.