Swisscom (OTCMKTS:SCMWY) Sees Large Volume Increase – Here’s Why

Shares of Swisscom AG (OTCMKTS:SCMWYGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 25,594 shares traded hands during mid-day trading, an increase of 207% from the previous session’s volume of 8,334 shares.The stock last traded at $83.1107 and had previously closed at $84.44.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SCMWY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Swisscom in a research note on Thursday, April 23rd. UBS Group cut shares of Swisscom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. BNP Paribas Exane cut shares of Swisscom from an “outperform” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, New Street Research cut shares of Swisscom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Swisscom presently has a consensus rating of “Reduce”.

Check Out Our Latest Analysis on SCMWY

Swisscom Price Performance

The stock’s 50-day moving average price is $85.50 and its 200-day moving average price is $81.55. The company has a market capitalization of $430.53 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 2.04 and a beta of 0.26. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.15.

Swisscom (OTCMKTS:SCMWYGet Free Report) last announced its earnings results on Thursday, May 7th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). Swisscom had a return on equity of 10.63% and a net margin of 8.30%.The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.67 billion. Equities research analysts anticipate that Swisscom AG will post 3.25 earnings per share for the current year.

Swisscom Company Profile

(Get Free Report)

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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