Swisscom (OTCMKTS:SCMWY) Shares Gap Down – Here’s Why

Swisscom AG (OTCMKTS:SCMWY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $74.7556, but opened at $72.30. Swisscom shares last traded at $72.18, with a volume of 1,259 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SCMWY. Zacks Research raised shares of Swisscom from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. BNP Paribas raised Swisscom from a “hold” rating to an “outperform” rating in a research note on Thursday, October 2nd. Finally, Kepler Capital Markets upgraded Swisscom to a “strong sell” rating in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Swisscom presently has an average rating of “Hold”.

Swisscom Stock Up 0.6%

The stock has a fifty day moving average of $71.99 and a 200-day moving average of $72.23. The firm has a market capitalization of $382.81 billion, a P/E ratio of 25.93 and a beta of 0.26.

Swisscom (OTCMKTS:SCMWY) last released its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The firm had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.62 billion. Swisscom had a return on equity of 10.34% and a net margin of 8.87%. Sell-side analysts predict that Swisscom AG will post 3.47 EPS for the current fiscal 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.