Swisscom (OTCMKTS:SCMWY) Shares Gap Down – What’s Next?

Swisscom AG (OTCMKTS:SCMWY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $82.01, but opened at $79.12. Swisscom shares last traded at $79.12, with a volume of 275 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SCMWY. Morgan Stanley lowered Swisscom to an “underweight” rating in a research report on Thursday, June 11th. New Street Research lowered Swisscom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th. UBS Group lowered Swisscom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. BNP Paribas Exane cut Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd. Five investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Swisscom Stock Performance

The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.77 and a current ratio of 0.77. The firm’s 50 day moving average price is $84.65 and its 200-day moving average price is $82.30. The firm has a market capitalization of $410.32 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 2.00 and a beta of 0.26.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.08). Swisscom had a net margin of 8.30% and a return on equity of 10.63%. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.67 billion. On average, research analysts expect that Swisscom AG will post 3.19 EPS for the current 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.