Swisscom (OTCMKTS:SCMWY – Get Free Report) issued its quarterly earnings data on Thursday. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.72 by $0.10, Zacks reports. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.46 billion. Swisscom had a return on equity of 10.63% and a net margin of 8.30%.
Swisscom Price Performance
Swisscom stock traded down $1.49 during midday trading on Friday, reaching $77.56. The company had a trading volume of 1,586 shares, compared to its average volume of 10,875. The company has a market capitalization of $401.77 billion, a P/E ratio of 25.94, a P/E/G ratio of 1.86 and a beta of 0.28. Swisscom has a 12-month low of $68.01 and a 12-month high of $94.63. The firm’s fifty day simple moving average is $78.79 and its 200-day simple moving average is $83.75. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.77 and a quick ratio of 0.77.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on SCMWY shares. Morgan Stanley lowered Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Swisscom in a research note on Thursday, April 23rd. BNP Paribas Exane lowered Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Citigroup reissued a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Swisscom has an average rating of “Reduce”.
About Swisscom
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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