Swisscom (OTCMKTS:SCMWY) Sees Unusually-High Trading Volume – Time to Buy?

Swisscom AG (OTCMKTS:SCMWY) shares saw unusually-high trading volume on Thursday. Approximately 52,598 shares were traded during trading, an increase of 320% from the previous session’s volume of 12,530 shares. The stock last traded at $83.08 and had previously closed at $81.29.

Analysts Set New Price Targets

SCMWY has been the subject of a number of recent analyst reports. Barclays reissued an “underweight” rating on shares of Swisscom in a report on Tuesday, August 18th. Citigroup reaffirmed a “neutral” rating on shares of Swisscom in a research note on Monday, July 6th. Five investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Swisscom Stock Up 3.1%

The firm has a market cap of $432.35 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 2.00 and a beta of 0.28. The firm’s fifty day moving average is $78.66 and its two-hundred day moving average is $80.44. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.62 and a quick ratio of 0.77.

Swisscom (OTCMKTS:SCMWY) last released its earnings results on Thursday, August 6th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. Swisscom had a net margin of 8.86% and a return on equity of 11.31%. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.44 billion. On average, sell-side analysts expect that Swisscom AG will post 3.15 EPS for the current fiscal year.

About Swisscom

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.