Swisscom (OTCMKTS:SCMWY) Reaches New 1-Year High – Here’s Why

Swisscom AG (OTCMKTS:SCMWY) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $70.39 and last traded at $68.48, with a volume of 5786 shares changing hands. The stock had previously closed at $68.95.

Analyst Upgrades and Downgrades

Separately, BNP Paribas lowered shares of Swisscom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 10th.

Swisscom Price Performance

The stock has a market cap of $354.74 billion, a PE ratio of 20.26 and a beta of 0.30. The stock’s fifty day moving average is $65.50 and its 200-day moving average is $60.17. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.11 and a quick ratio of 2.11.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.13). The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Swisscom had a net margin of 14.19% and a return on equity of 12.00%. As a group, equities analysts anticipate that Swisscom AG will post 3.47 EPS for the current year.

About Swisscom

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. It operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. The company offers mobile and fixed-network services, such as telephony, TV, broadband, and mobile offerings, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises.