Swisscom (OTCMKTS:SCMWY) Sees Large Volume Increase – Here’s Why

Shares of Swisscom AG (OTCMKTS:SCMWY) saw unusually-strong trading volume on Wednesday . Approximately 25,594 shares traded hands during mid-day trading, an increase of 207% from the previous session’s volume of 8,334 shares.The stock last traded at $83.1107 and had previously closed at $84.44.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SCMWY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. BNP Paribas Exane downgraded shares of Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. UBS Group downgraded shares of Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, New Street Research downgraded shares of Swisscom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Swisscom Stock Performance

The firm’s fifty day moving average price is $85.50 and its 200-day moving average price is $81.55. 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 has a market cap of $430.53 billion, a P/E ratio of 27.80, a P/E/G ratio of 2.04 and a beta of 0.26.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08). Swisscom had a return on equity of 10.63% and a net margin of 8.30%.The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.67 billion. As a group, research analysts forecast that Swisscom AG will post 3.25 EPS for the current fiscal year.

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.