Swisscom (OTCMKTS:SCMWY) Sees Strong Trading Volume – Here’s Why

Swisscom AG (OTCMKTS:SCMWY) saw an uptick in trading volume on Thursday. Approximately 52,598 shares were traded during mid-day trading, an increase of 320% from the previous session’s volume of 12,530 shares. The stock last traded at $83.08 and had previously closed at $81.29.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SCMWY shares. Barclays reiterated an “underweight” rating on shares of Swisscom in a report on Tuesday, August 18th. Citigroup reissued a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Swisscom has a consensus rating of “Reduce”.

Swisscom Price Performance

The firm has a market cap of $430.05 billion, a PE ratio of 25.94, a P/E/G ratio of 2.05 and a beta of 0.28. The firm’s fifty day simple moving average is $78.84 and its two-hundred day simple moving average is $80.46. The company has a quick ratio of 0.77, a current ratio of 0.62 and a debt-to-equity ratio of 0.97.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.44 billion. Swisscom had a return on equity of 11.31% and a net margin of 8.86%. As a group, research analysts expect that Swisscom AG will post 3.15 EPS for the current year.

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.