Swisscom (OTCMKTS:SCMWY) Shares Gap Up – Still a Buy?

Swisscom AG (OTCMKTS:SCMWY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $77.6330, but opened at $81.8456. Swisscom shares last traded at $81.50, with a volume of 673 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SCMWY shares. Zacks Research upgraded shares of Swisscom from a “strong sell” rating to a “hold” rating in a research 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 investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Swisscom Stock Performance

The stock has a fifty day simple moving average of $72.36 and a two-hundred day simple moving average of $72.64. The stock has a market cap of $426.74 billion, a price-to-earnings ratio of 28.91 and a beta of 0.26.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.13. Swisscom had a return on equity of 10.34% and a net margin of 8.87%.The business had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.62 billion. Equities analysts expect that Swisscom AG will post 3.47 earnings per share 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.