Swisscom (OTCMKTS:SCMWY) Announces Earnings Results

Swisscom (OTCMKTS:SCMWY) released its earnings results on Thursday. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08, Zacks reports. Swisscom had a return on equity of 11.30% and a net margin of 8.86%.The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.45 billion.

Swisscom Stock Down 1.6%

Shares of SCMWY traded down $1.27 during mid-day trading on Friday, hitting $77.77. The company’s stock had a trading volume of 6,271 shares, compared to its average volume of 16,869. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average is $78.62 and its 200-day moving average is $83.70. Swisscom has a 52-week low of $68.01 and a 52-week high of $94.63. The firm has a market capitalization of $402.86 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 1.93 and a beta of 0.28.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Morgan Stanley cut shares of Swisscom to an “underweight” rating in a report on Thursday, June 11th. Citigroup reiterated a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. BNP Paribas Exane cut shares of Swisscom from an “outperform” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

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.