Swisscom (OTCMKTS:SCMWY) released its earnings results on Thursday. The utilities provider reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.03), Morningstar.com reports. The company had revenue of $3.04 billion for the quarter. Swisscom had a net margin of 13.03% and a return on equity of 18.74%. Swisscom updated its FY 2019 guidance to EPS.
Shares of Swisscom stock opened at $44.52 on Friday. The firm has a market capitalization of $23.00 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 9.53 and a beta of 0.38. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 0.87. Swisscom has a 52-week low of $43.02 and a 52-week high of $55.62.
Several research firms recently commented on SCMWY. BNP Paribas began coverage on shares of Swisscom in a research note on Friday, January 11th. They set an “underperform” rating for the company. Zacks Investment Research upgraded shares of Swisscom from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Wednesday, January 2nd.
Swisscom AG provides telecommunication services primarily in Switzerland and Italy. The company operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. It offers broadband, TV, fixed-network, and mobile phone subscription services, as well as national and international telephone, and data traffic services for residential customers, and small and medium-sized enterprises.
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