Swisscom (OTCMKTS:SCMWY) Announces Earnings Results, Misses Estimates By $0.08 EPS

Swisscom (OTCMKTS:SCMWY) released its earnings results on Thursday. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08), Zacks reports. The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.67 billion. Swisscom had a return on equity of 10.56% and a net margin of 8.30%.

Swisscom Trading Up 0.4%

Shares of OTCMKTS:SCMWY traded up $0.31 during midday trading on Friday, reaching $86.00. The company had a trading volume of 8,727 shares, compared to its average volume of 9,872. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 0.76. Swisscom has a 1-year low of $62.91 and a 1-year high of $94.63. The firm has a market cap of $445.49 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 2.05 and a beta of 0.26. The company has a fifty day simple moving average of $87.44 and a two-hundred day simple moving average of $80.05.

Analysts Set New Price Targets

SCMWY has been the topic of a number of research analyst reports. New Street Research lowered Swisscom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. UBS Group lowered Swisscom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd. Finally, BNP Paribas Exane lowered Swisscom from an “outperform” rating to a “hold” rating in a research report on Tuesday, April 14th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock 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.