Swisscom (OTCMKTS:SCMWY) Sees Strong Trading Volume – Time to Buy?

Swisscom AG (OTCMKTS:SCMWY) shares saw unusually-strong trading volume on Tuesday . Approximately 26,833 shares changed hands during mid-day 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

SCMWY has been the topic of several research analyst reports. Morgan Stanley cut Swisscom to an “underweight” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft restated 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 research note on Tuesday, April 14th. Finally, Citigroup restated a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Five analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Swisscom has an average rating of “Reduce”.

Swisscom Trading Up 3.4%

The company’s fifty day moving average price is $78.91 and its two-hundred day moving average price is $83.71. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.15. The company has a market cap of $409.47 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 1.88 and a beta of 0.28.

Swisscom (OTCMKTS:SCMWY) last released its quarterly 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 8.30% and a return on equity of 10.63%. Research analysts expect that Swisscom AG will post 3.19 earnings per share 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.