Swisscom AG (OTCMKTS:SCMWY – Get Free Report) shares saw an uptick in trading volume on Tuesday . Approximately 23,145 shares changed hands during trading, an increase of 136% from the previous session’s volume of 9,800 shares.The stock last traded at $75.79 and had previously closed at $75.19.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on SCMWY shares. BNP Paribas Exane downgraded Swisscom from an “outperform” rating to a “hold” rating in a research note on Tuesday, April 14th. Citigroup reiterated a “neutral” rating on shares of Swisscom in a report on Monday. Morgan Stanley cut Swisscom to an “underweight” rating in a report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd. Five analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Swisscom presently has a consensus rating of “Reduce”.
Read Our Latest Analysis on SCMWY
Swisscom Stock Performance
Swisscom (OTCMKTS:SCMWY – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08). The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.67 billion. Swisscom had a return on equity of 10.63% and a net margin of 8.30%. Equities research analysts predict that Swisscom AG will post 3.19 earnings per share for the current fiscal 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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