Swisscom (OTCMKTS:SCMWY) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Swisscom (OTCMKTS:SCMWYGet 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”.

Read Our Latest Stock Report on Swisscom

About Swisscom

(Get Free Report)

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.

Further Reading

Earnings History for Swisscom (OTCMKTS:SCMWY)

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