Swisscom (OTCMKTS:SCMWY) Issues Quarterly Earnings Results

Swisscom (OTCMKTS:SCMWY) posted its quarterly earnings results on Thursday. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08), Zacks reports. Swisscom had a net margin of 8.30% and a return on equity of 10.56%. The business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.67 billion.

Swisscom Trading Up 0.4%

Shares of Swisscom stock traded up $0.31 during trading on Friday, reaching $86.00. 8,727 shares of the stock were exchanged, compared to its average volume of 9,872. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.96. Swisscom has a 1 year low of $62.91 and a 1 year high of $94.63. The stock’s fifty day moving average is $87.44 and its 200 day moving average is $80.05. The firm has a market cap of $445.49 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 2.05 and a beta of 0.26.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group lowered shares of Swisscom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. BNP Paribas Exane lowered shares of Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, New Street Research lowered shares of Swisscom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

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.