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

Swisscom AG (OTCMKTS:SCMWY) shares saw an uptick in trading volume on Wednesday . Approximately 45,908 shares were traded during mid-day trading, an increase of 326% from the previous session’s volume of 10,785 shares.The stock last traded at $78.70 and had previously closed at $79.82.

Wall Street Analysts Forecast Growth

SCMWY has been the subject of a number of recent analyst reports. Barclays reiterated an “underweight” rating on shares of Swisscom in a report on Tuesday, August 18th. Citigroup restated a “neutral” rating on shares of Swisscom in a research report on Monday, July 6th. Finally, Morgan Stanley cut Swisscom to an “underweight” rating in a research note on Thursday, June 11th. Five analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Swisscom has an average rating of “Reduce”.

Swisscom Stock Up 0.1%

The company has a market cap of $410.73 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 2.22 and a beta of 0.28. The stock’s 50-day moving average is $78.49 and its 200-day moving average is $82.12. The company has a current ratio of 0.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.97.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.82 EPS for the quarter, topping 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 business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.44 billion. On average, analysts anticipate that Swisscom AG will post 3.18 earnings per share for the current fiscal year.

Swisscom Company Profile

Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, digital television, and related connectivity services to consumers and businesses. The company also offers information technology, cloud, cybersecurity, networking, and unified communications solutions for corporate and public-sector customers.

Swisscom serves customers primarily in Switzerland, where it operates one of the country’s largest communications networks.