Swisscom (OTCMKTS:SCMWY) Releases Earnings Results, Beats Estimates By $0.08 EPS

Swisscom (OTCMKTS:SCMWY) posted its quarterly earnings results on Thursday. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08, Zacks reports. Swisscom had a net margin of 8.30% and a return on equity of 10.63%.

Swisscom Price Performance

OTCMKTS:SCMWY traded up $2.60 during trading hours on Thursday, reaching $79.05. The stock had a trading volume of 35,675 shares, compared to its average volume of 15,992. The stock has a market capitalization of $409.46 billion, a PE ratio of 26.44, a PEG ratio of 1.86 and a beta of 0.28. Swisscom has a 52 week low of $68.01 and a 52 week high of $94.63. The company has a 50 day moving average price of $78.79 and a two-hundred day moving average price of $83.75. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.77 and a current ratio of 0.77.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. BNP Paribas Exane cut shares of Swisscom from an “outperform” rating to a “hold” rating in a research note on Tuesday, April 14th. Citigroup reiterated a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Swisscom in a research note on Thursday, April 23rd. Finally, Morgan Stanley downgraded shares of Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Five equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

About Swisscom

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.