Swisscom AG (OTCMKTS:SCMWY – Get Free Report) gapped up prior to trading on Thursday. The stock had previously closed at $75.99, but opened at $79.51. Swisscom shares last traded at $79.51, with a volume of 261 shares trading hands.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Barclays reiterated an “underweight” rating on shares of Swisscom in a report on Tuesday, August 18th. Citigroup reissued a “neutral” rating on shares of Swisscom in a research report on Monday, July 6th. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Swisscom has an average rating of “Reduce”.
Check Out Our Latest Report on Swisscom
Swisscom Stock Performance
The stock has a market cap of $410.84 billion, a PE ratio of 24.78, a PEG ratio of 2.16 and a beta of 0.28. The stock has a fifty day simple moving average of $78.38 and a two-hundred day simple moving average of $80.57. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.77 and a current ratio of 0.62.
Swisscom (OTCMKTS:SCMWY – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Swisscom had a net margin of 8.86% and a return on equity of 11.31%. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.44 billion. Equities analysts anticipate that Swisscom AG will post 3.02 EPS for the current fiscal year.
About Swisscom
Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, television, and related digital services to residential and business customers. Its offerings also include cloud computing, cybersecurity, IT infrastructure, data-center services, and communications solutions for enterprises and public-sector organizations.
Swisscom serves customers primarily in Switzerland and, through its Fastweb subsidiary, in Italy.
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