Swisscom (OTCMKTS:SCMWY) Sets New 12-Month High – What’s Next?

Swisscom AG (OTCMKTS:SCMWY)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $85.40 and last traded at $85.12, with a volume of 550 shares trading hands. The stock had previously closed at $81.7420.

Analysts Set New Price Targets

Separately, Zacks Research raised Swisscom from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Swisscom presently has an average rating of “Hold”.

Swisscom Stock Performance

The company has a market cap of $443.29 billion, a PE ratio of 30.03 and a beta of 0.27. The stock’s 50-day simple moving average is $74.33 and its 200 day simple moving average is $73.41.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.62 billion. Swisscom had a net margin of 8.87% and a return on equity of 10.34%. On average, 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.