Swisscom (OTCMKTS:SCMWY) Announces Earnings Results, Misses Estimates By $0.06 EPS

Swisscom (OTCMKTS:SCMWY) issued its quarterly earnings results on Thursday. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06), Zacks reports. Swisscom had a return on equity of 10.34% and a net margin of 8.87%.

Swisscom Stock Up 1.5%

Shares of Swisscom stock traded up $1.30 on Thursday, hitting $88.79. 2,798 shares of the company were exchanged, compared to its average volume of 6,300. The company has a 50-day moving average price of $75.25 and a 200 day moving average price of $73.73. The stock has a market capitalization of $459.95 billion, a price-to-earnings ratio of 31.15 and a beta of 0.27. Swisscom has a 1-year low of $54.66 and a 1-year high of $89.48.

Analyst Ratings Changes

Separately, Zacks Research upgraded Swisscom from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.