Swisscom (OTCMKTS:SCMWY) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Swisscom (OTCMKTS:SCMWY) posted its earnings results on Thursday. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08, Zacks reports. Swisscom had a return on equity of 10.63% and a net margin of 8.30%.

Swisscom Price Performance

OTCMKTS SCMWY traded up $2.60 during trading hours on Thursday, reaching $79.05. The company’s stock had a trading volume of 35,675 shares, compared to its average volume of 15,992. The firm has a market capitalization of $409.46 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 1.86 and a beta of 0.28. The company’s 50-day moving average is $78.79 and its two-hundred day moving average is $83.75. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.77 and a quick ratio of 0.77. Swisscom has a 1-year low of $68.01 and a 1-year high of $94.63.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd. Citigroup reaffirmed a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Morgan Stanley cut shares of Swisscom to an “underweight” rating in a research note on Thursday, June 11th. Finally, BNP Paribas Exane lowered shares of Swisscom from an “outperform” rating to a “hold” rating in a research report on Tuesday, April 14th. Five analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

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.