Swisscom (OTCMKTS:SCMWY) Issues Quarterly Earnings Results

Swisscom (OTCMKTS:SCMWY) issued its quarterly earnings results on Thursday. The utilities provider reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04), Zacks reports. Swisscom had a net margin of 8.86% and a return on equity of 11.31%.

Swisscom Price Performance

SCMWY traded up $2.37 during trading on Thursday, hitting $89.78. 8,463 shares of the company traded hands, compared to its average volume of 17,862. The company has a market cap of $465.10 billion, a PE ratio of 27.32, a P/E/G ratio of 2.15 and a beta of 0.30. The stock’s 50-day simple moving average is $79.93 and its two-hundred day simple moving average is $82.49. Swisscom has a 1 year low of $68.01 and a 1 year high of $94.63. The company has a current ratio of 0.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.97.

Wall Street Analysts Forecast Growth

Separately, Barclays reissued an “underweight” rating on shares of Swisscom in a research note on Tuesday, August 18th. Five investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Swisscom has an average rating of “Reduce”.

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 computing, cybersecurity, networking, and digital workplace solutions for corporate and public-sector customers.

Swisscom serves customers primarily in Switzerland and has an international presence through Fastweb, its Italian subsidiary.