Swisscom (OTCMKTS:SCMWY) Hits New 1-Year High – Here’s What Happened

Shares of Swisscom AG (OTCMKTS:SCMWY) hit a new 52-week high during trading on Monday . The stock traded as high as $78.6380 and last traded at $78.6380, with a volume of 966 shares trading hands. The stock had previously closed at $76.2870.

Wall Street Analyst Weigh In

SCMWY has been the topic of several recent analyst reports. Zacks Research upgraded shares of Swisscom from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. BNP Paribas Exane raised Swisscom from a “hold” rating to an “outperform” rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Swisscom Stock Performance

The stock has a market cap of $406.28 billion, a price-to-earnings ratio of 27.52 and a beta of 0.26. The firm’s 50-day simple moving average is $72.27 and its two-hundred day simple moving average is $72.58.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. Swisscom had a return on equity of 10.34% and a net margin of 8.87%.The company had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.62 billion. Equities research analysts expect that Swisscom AG will post 3.47 earnings per share for the current fiscal year.

Swisscom Company Profile

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.