Swisscom (OTCMKTS:SCMWY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Swisscom AG (OTCMKTS:SCMWY) saw an uptick in trading volume on Tuesday . 26,833 shares traded hands during trading, an increase of 153% from the previous session’s volume of 10,601 shares.The stock last traded at $76.6871 and had previously closed at $76.5146.

Wall Street Analyst Weigh In

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

Swisscom Stock Up 0.5%

The firm’s 50-day moving average price is $79.27 and its 200 day moving average price is $83.67. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $398.53 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.87 and a beta of 0.28.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08). The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.67 billion. Swisscom had a return on equity of 10.63% and a net margin of 8.30%. On average, sell-side analysts forecast that Swisscom AG will post 3.19 EPS for the current fiscal year.

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.