Swisscom (OTCMKTS:SCMWY) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Swisscom (OTCMKTS:SCMWY) posted its earnings results on Thursday. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13, Zacks reports. Swisscom had a net margin of 9.29% and a return on equity of 10.05%.

Swisscom Stock Performance

Shares of OTCMKTS SCMWY opened at $73.43 on Friday. The business’s 50-day simple moving average is $73.36 and its 200-day simple moving average is $70.83. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.85 and a current ratio of 0.74. Swisscom has a 52 week low of $54.66 and a 52 week high of $75.54. The firm has a market cap of $380.38 billion, a price-to-earnings ratio of 24.72 and a beta of 0.26.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SCMWY. BNP Paribas upgraded shares of Swisscom from a “hold” rating to an “outperform” rating in a research report on Thursday, October 2nd. Zacks Research cut shares of Swisscom from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, Kepler Capital Markets upgraded Swisscom to a “strong sell” rating in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Swisscom Company Profile

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.