Swisscom (OTCMKTS:SCMWY) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Swisscom (OTCMKTS:SCMWY) announced its quarterly earnings data on Thursday. The utilities provider reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04), Zacks reports. Swisscom had a return on equity of 11.31% and a net margin of 8.86%.

Swisscom Stock Up 2.7%

SCMWY stock traded up $2.37 during trading on Thursday, hitting $89.78. 8,463 shares of the company’s stock were exchanged, compared to its average volume of 17,862. The business has a 50-day moving average price of $79.93 and a two-hundred day moving average price of $82.49. The company has a current ratio of 0.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $465.10 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 2.15 and a beta of 0.30. Swisscom has a 52-week low of $68.01 and a 52-week high of $94.63.

Wall Street Analysts Forecast Growth

Separately, Barclays reiterated an “underweight” rating on shares of Swisscom in a report on Tuesday, August 18th. Five equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Swisscom Company Profile

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.