Swisscom (OTCMKTS:SCMWY) Sees Unusually-High Trading Volume – Here’s Why

Swisscom AG (OTCMKTS:SCMWY) shares saw an uptick in trading volume on Tuesday . 23,145 shares traded hands during mid-day trading, an increase of 136% from the previous session’s volume of 9,800 shares.The stock last traded at $75.79 and had previously closed at $75.19.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SCMWY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. Citigroup reiterated a “neutral” rating on shares of Swisscom in a research report on Monday. BNP Paribas Exane lowered shares of Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Morgan Stanley cut shares of Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Five equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Swisscom Stock Up 0.9%

The company has a debt-to-equity ratio of 1.15, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $393.07 billion, a P/E ratio of 25.38, a P/E/G ratio of 1.87 and a beta of 0.28. The stock has a 50-day moving average price of $82.91 and a 200-day moving average price of $83.01.

Swisscom (OTCMKTS:SCMWY) last announced 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). Swisscom had a net margin of 8.30% and a return on equity of 10.63%. The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.67 billion. On average, research analysts predict that Swisscom AG will post 3.19 EPS for the current fiscal year.

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.