Swisscom (OTCMKTS:SCMWY) Issues Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Swisscom (OTCMKTS:SCMWY) posted its quarterly earnings data on Thursday. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06), Zacks reports. Swisscom had a return on equity of 10.34% and a net margin of 8.87%.

Swisscom Price Performance

Swisscom stock traded up $1.85 during mid-day trading on Thursday, reaching $89.34. The stock had a trading volume of 3,087 shares, compared to its average volume of 6,317. Swisscom has a one year low of $54.66 and a one year high of $89.48. The company has a 50-day moving average price of $75.25 and a two-hundred day moving average price of $73.73. The company has a market capitalization of $462.79 billion, a price-to-earnings ratio of 31.35 and a beta of 0.27.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Swisscom from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Swisscom has a consensus rating of “Hold”.

Swisscom Company Profile

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.