Swisscom (OTCMKTS:SCMWY) Sees Unusually-High Trading Volume – Still a Buy?

Swisscom AG (OTCMKTS:SCMWY) shares saw an uptick in trading volume on Tuesday . 11,377 shares changed hands during trading, an increase of 32% from the previous session’s volume of 8,644 shares.The stock last traded at $81.22 and had previously closed at $81.11.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SCMWY. New Street Research lowered Swisscom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. UBS Group lowered Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. Finally, BNP Paribas Exane lowered Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Swisscom Stock Up 0.7%

The firm has a market capitalization of $422.96 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 2.01 and a beta of 0.26. The business has a fifty day moving average price of $84.92 and a two-hundred day moving average price of $81.87. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.77 and a quick ratio of 0.77.

Swisscom (OTCMKTS:SCMWY) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.08). The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.67 billion. Swisscom had a return on equity of 10.63% and a net margin of 8.30%. On average, equities analysts expect that Swisscom AG will post 3.19 earnings per share for the current 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.