Swisscom (OTCMKTS:SCMWY – Get Free Report) issued its quarterly earnings results on Thursday. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13, Zacks reports. Swisscom had a net margin of 9.29% and a return on equity of 10.05%.
Swisscom Stock Up 3.5%
SCMWY stock traded up $2.47 during trading on Thursday, hitting $73.43. 23,572 shares of the stock traded hands, compared to its average volume of 13,220. Swisscom has a 1 year low of $54.66 and a 1 year high of $75.54. The firm’s 50 day moving average is $73.33 and its two-hundred day moving average is $70.81. The stock has a market cap of $380.38 billion, a price-to-earnings ratio of 24.72 and a beta of 0.26. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.74 and a quick ratio of 0.85.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Kepler Capital Markets upgraded shares of Swisscom to a “strong sell” rating in a research note on Tuesday, September 23rd. BNP Paribas upgraded shares of Swisscom from a “hold” rating to an “outperform” rating in a research note on Thursday, October 2nd. Finally, Zacks Research lowered shares of Swisscom from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.
About Swisscom
Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. It operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. The company offers mobile and fixed-network services, such as telephony, TV, broadband, and mobile offerings, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises.
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